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KEY TAKEAWAYS: Executors have significant responsibilities in administering an estate, including acting in the best interests of the estate and properly collecting, managing and distributing estate assets. Executors also have important rights, including the potential to claim commission for their work and to be reimbursed for reasonable and properly incurred expenses in administering the estate.… Read More »Rights and Obligations of Executors in Administering an Estate

Co-Authored by Vishaal Kudupudi & Zachary Rowswell KEY TAKEAWAYS: Dishonesty can provide a valid basis for dismissal, but the circumstances of the conduct and the employer’s reasons for considering it serious will be important. Employers should not act on allegations of serious misconduct without first investigating them. Employees should be told what is alleged and… Read More »When Does Dishonesty at Work Cross the Line?

KEY TAKE-OUTS: Cooling-off periods don’t work both ways Get your Conveyancer involved early The highest offer isn’t always the best offer A late settlement doesn’t mean you can immediately cancel. Myth: I can always get out during cooling-off If you are the Vendor (seller), you do not have the same right as the Purchaser to… Read More »Myth Busters … The Sale of Property Edition.

Co-Authored by Daniel De Maria KEY TAKEAWAYS: A specific pecuniary gift is a type of legacy which gives a particular sum of money to a desired beneficiary These types of gifts are fixed into your Will meaning they will come from your estate before accounting for liabilities or residual beneficiaries If an estate does not… Read More »Specific Pecuniary Legacies: Understanding it’s Strengths and Weaknesses

KEY TAKE-OUTS: In NSW, the vendor generally remains responsible for insuring a property until settlement, unless the purchaser takes possession earlier If a property is damaged before settlement, the purchaser may be entitled to repairs, a settlement adjustment or, in cases of substantial damage, potentially rescind the contract A final inspection before settlement allows the… Read More »Do You Need Insurance After Exchange of Contracts in NSW?

KEY TAKEAWAYS: A Will is more than a straightforward document that is able to encompass all of your assets. A properly prepared Will can help to ensure that your wishes are legally effective and reduce the risk of disputes. Your Will forms part of a broader estate plan that considers your assets, taxation and financial… Read More »5 More Reasons to Prepare Your Will with an Expert