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A Video Will – Can That Work?

An 85 year old widow made a formal will on 6 March 2012 with the assistance of her solicitor. Her estate was valued at $930,000. Shortly after making she will, changed her mind. She wanted to provide special legacies to two of her eight children. She felt especially...

Guaranteeing A Loan

Have you ever been asked to guarantee someone’s loan? Parents often provide guarantees to a bank when their adult child applies for a loan. Company directors give personal guarantees to meet obligations to financiers or suppliers. Guarantees usually have clauses like:...

Plan & Protect

Do you and/or your partner have one of these experiences? Recently bought or sold a property; Planning to buy or sell a property soon; Have children and/or grandchildren; Have an elderly relative in the family; Have a sizeable superannuation and/or insurance policy;...

Bankruptcy Notice – 10 Things You Need to Know

Mike turned 50 last week. His family used to celebrate birthdays with him, but not in recent years. Since he was made redundant, Mike found it increasingly difficult to secure a job due to his age and skills. He tried starting his own business but it didn’t flourish....

Your Transitional Security Interest On The PPSR

Security Interests under the Personal Property Security Act Transitional Arrangements to end on 31 January 2014! The Personal Property Security Act (PPS Act) came into law on 30 January 2012. The PPS Act established the Personal Property Security Register (PPS...

Company Director Penalty Notices

What you need to know and do to sleep easier. Are you a director or thinking about becoming a director of a company? You or your friend may need to know more about the personal liabilities that directors now face. Personal Liability includes Employee Super Since 1993,...

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