Sole Trader and Divorce Divorce can challenge individuals in numerous ways, particularly when navigating the financial aspects of parting ways with your spouse. The combination of personal and business finances for sole proprietors can add further complexities. Understanding the impact of divorce on a sole trader’s financial landscape is crucial for maintaining both personal well-being […]
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Being nominated as an executor of a will is a significant responsibility. While it’s an honour to be entrusted with such a role, it’s not uncommon to feel overwhelmed by the complexities involved. If you find yourself in this position, you may be relieved that you can decline the appointment by renouncing probate. This article
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What To Do with Wedding Ring After Divorce Navigating the emotional aftermath of a divorce involves several practical considerations, including deciding what to do with your wedding ring. The symbolism of a wedding ring changes significantly post-divorce, and many are uncertain about the next steps. Whether you choose to keep, transform, sell, or pass it
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The passing of a loved one is a difficult time, and the complexities surrounding the administration of their estate can add to the burden. For beneficiaries in Queensland (Qld) inheriting property, the process of transferring ownership can seem daunting. However, understanding the key steps and legal requirements can help to alleviate this stress. This comprehensive
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The short answer is no. An executor cannot simply override a beneficiary’s wishes as outlined in a will. They administer the estate according to the will-maker’s instructions, ensuring that assets are distributed as directed. However, there are nuances to this situation. While an executor cannot unilaterally change the will’s beneficiaries or their entitlements, certain circumstances
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The short answer to this question is yes, but it has a few important caveats. While an executor cannot unilaterally rewrite a will, there are specific situations where modifications or deviations from the original document can occur. How can an executor change a will after someone dies? An executor cannot simply rewrite a will. However,
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Yes, a stranger can be a witness to your will in Queensland, provided they meet the legal requirements. Witnesses must be over 18 years old, have the mental capacity to understand the nature and effect of the will, and not be a beneficiary or spouse of a beneficiary named in the will. It is preferable
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How to Get Out of Paying Spousal Maintenance Navigating the complexities of spousal maintenance in Australia can be challenging for individuals seeking to understand their financial obligations post-divorce or separation. To potentially reduce or avoid paying spousal maintenance, one must demonstrate a change in financial circumstances, negotiate a lump-sum payment as part of the divorce
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Absolutely! In Queensland, having a solicitor when buying a house is not just a good idea; it’s a legal requirement. Unlike other states and territories where you can use a licensed conveyancer, Queensland law mandates that a solicitor handle all property transactions. What exactly does a solicitor DO during the home-buying process? Contract Review Before
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In Australia, unclaimed inheritance often accumulates when beneficiaries are unaware of their entitlements or when estates are left without a clear heir. This unclaimed money, including assets from deceased estates, is held by state or territory revenue offices and can be claimed by rightful heirs. Understanding how to search for and claim this inheritance is crucial for
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