What to do if the Executor of a Will is no Longer Alive or Capable
Settling the estate of a deceased person is made so much easier when there is a legal Will, but there are unfortunately still problems that can throw a spanner in the works. One issue that can greatly complicate things is if the executor of the Will dies or is incapacitated. Not having an executor can […]
What Exactly do Executors of Wills do?
One of the biggest decisions when you prepare a Will is deciding who will be the executor. This role is a big responsibility, and the decision shouldn’t be taken lightly. To help you nominate the right person, here’s a rundown of what a Will executor’s tasks include. What do executors of Wills do? The executor […]
Why A DPN Can Put Your Personal Assets Under Threat
If you run a business of any size, it’s vital you understand what a director penalty notice (DPN) is and how to deal with one. Here is an explainer, as shared by a Legal Affairs Business Lawyer. What is a Director Penalty Notice (DPN)? A director penalty notice is issued by the Australian Taxation Office […]
How To Minimise Tax When You Sell Your Business
If you have worked hard on your business for many years, you are likely to have a plan to sell it at some stage. One question we are often asked about at LAL is how tax applies on the sale of a business. There isn’t a black and white answer, but this article will give […]
The Steps for Insolvency for Debtors
The term insolvency describes the situation where an individual or business cannot pay bills when they are due. Take a look at some of the options and steps involved with the insolvency process if you are a business. How do you know if you are insolvent? The signs you are insolvent are: If the number […]
How to Dispute a Will – What You Need to Know
It is always a difficult time when a relative or loved one passes away but emotions can be heightened when there is a dispute over the Will. If someone close to you has died and you believe the Will to be unfair, there may be legal steps you can take to claim money or assets […]
What to do if you get a director penalty notice
Anyone can start a business in Australia, which is a positive thing because businesses present incredible opportunities to make money and create jobs for others. However, starting and operating a business can be complicated. Many people find they have bitten off more than they can chew, especially when it comes to paying taxes. If you […]