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Can the Executor and Trustee be the same person?
The Executor and Trustee can be the same person as long as the selected person meets the independent legal capacity requirements to perform as executor and trustee. Appointing one person to facilitate both roles is a common practice or technique to...
What is the role of the Executor?
An Executor is the person who administers your estate (which means divide up as per your instructions) after you pass away. The Executor may also be is the major beneficiary in the Will.The role of the Executor is to• initially locate your Will whic...
What do I need in my basic Will?
If you are over 18 years of age, you are eligible to make a Will and provide instructions for how your assets are to be distributed in the event of your passing. At the time of making your Will, you must be of a sound mind, memory and understanding,...
Foreign Investors purchasing a business in Australia
As with foreign property purchases, business purchases will require prior approval by the treasurer to ensure that the purchase is not contrary to Australia’s national interest. Approval will be subject to the treasurer discretion in making sure inve...
Foreign Investors purchasing property in Australia
Are you a foreign investor looking to purchase property in Australia?Under Australia’s foreign investment laws, foreign persons will normally be required to apply for foreign investment approval, specifically for the property they wish to purchase be...
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