Why a Power of Attorney is Important in Australia

Why a Power of Attorney is Important in Australia

A Power of Attorney is a legal document that allows one person (the “principal”) to give another person (the “attorney”) the authority to make decisions on their behalf. It’s a crucial legal tool that can help ensure your affairs are properly...
What Happens to Jointly Owned Assets After Death?

What Happens to Jointly Owned Assets After Death?

Joint ownership of assets is common in New South Wales, particularly for property, bank accounts, and investments. But what happens to these assets when one of the joint owners passes away? Understanding the legal implications of joint ownership can help you plan your...
The Risks of Verbal Agreements in Commercial Transactions

The Risks of Verbal Agreements in Commercial Transactions

Verbal agreements are often seen as convenient, especially in fast-moving business environments. However, the risks associated with these informal arrangements can outweigh the initial ease. Below, we delve into the key risks and how they can significantly impact your...
The Role of Executors: What Are the Legal Responsibilities?

The Role of Executors: What Are the Legal Responsibilities?

Estate planning is an essential process to ensure your wishes are carried out and your loved ones are provided for after your passing. A key element of estate planning is appointing an executor for your will. In New South Wales (NSW), the executor plays a critical...