Choosing An Executor For Your Will: How To Choose The Right Person
Choosing An Executor For Your Will: How To Choose The Right Person Choosing an executor for your will is one of the most important decisions in estate planning. The executor is responsible for administering your estate, applying for probate, paying debts, and distributing assets in accordance with your wishes. It’s important to consider your appointment […]
What is a Shareholders Agreement?
What is a Shareholders Agreement in Western Australia? A shareholders’ agreement is a legally binding contract between the shareholders of a company. It governs ownership, control, funding, decision-making, and exit rights, and operates alongside the company constitution and the Corporations Act 2001 (Cth). A carefully drafted shareholders’ agreement, prepared by an experienced business and contracts […]
What is a Partnership Agreement?
What is a Partnership Agreement? A partnership agreement is a legally binding contract between individuals carrying on business together without a company. It governs profit sharing, decision-making, liability, and exit rights. Partnership Agreement vs Shareholders Agreement If your business is run through a company, read our guide to Shareholders Agreements in WA. If you operate […]
Power of Attorney vs Enduring Power of Attorney: Understanding the Difference
Power of Attorney vs Enduring Power of Attorney: Understanding the Difference A Power of Attorney or POA allows someone else to make financial and legal decisions on your behalf. You might be familiar with the concept, although many people do not realise there are different types of Powers of Attorney in Western Australia. Each has […]
Common Mistakes to Avoid When Making a Will
Common Mistakes to Avoid When Making a Will A will is one of the most important legal documents you will ever prepare. A well-drafted will protects your intentions and reduces the risk of misunderstandings at an already difficult time. And yet up to 60% of Australians do not have a will, according to a 2022 […]