With a Hansons Lawyers testamentary trust the trustee (controller) of each testamentary trust you create is also the primary beneficiary of their own trust. That person (your spouse, child or other nominated beneficiary) becomes ineligible to be the trustee and have control of their own trust if they have problems with debt or are in [...]
There is no legal obligation for a company to have a shareholders agreement. Because it’s not a legal obligation many people either put off having one drafted or do not fully understand the benefits of having one in place from the start of a venture. DO WE NEED A SHAREHOLDERS AGREEMENT? Preparing the shareholders [...]
In general, it is expected that a person will make provisions for their close relatives and dependents in their Will. If a person feels that they have been left out of someone’s Will, they can bring a legal challenge against the deceased person’s estate. This kind of lawsuit is known as a Family Provision Claim [...]
Parents at all times have assisted their children to become established in life but in more recent times the amount of financial assistance being given by parents to their children to enter into the property market, has been significant. Parents assist their children and do not usually give much thought to the legal implications [...]