In New South Wales there are two types of property co-ownership: Joint Tenants and Tenants in Common. Each type of property co-ownership attracts a different interest and can result in very different outcomes on the death of a co-owner.
With COVID-19 restrictions beginning to lift and many businesses reopening, the New Financial Year is the perfect time to show your business a little love.
Wills are not the types of documents you should ‘set and forget’ and you should review your Will every year or two to check it still reflects your wishes. There are a few circumstances however, which should alert you to immediately review your Will.
You and your buddy have decided to take the plunge and act on that business idea you’ve been tossing around seemingly forever. Two best buddies in business together? This is a dream come true. What could go wrong?
Hiring assistance is a big milestone for any business with many asking should they hire an employee or independent contractor. Both forms of engagement attract different rights and responsibilities for the parties involved. Getting it wrong can expose your business to serious penalties and charges and careful consideration of the particular circumstances is required.
In our third and final part of our Legal Life after Death series we discuss the various legal documents and processes which take place after someone has passed away to distribute their assets.