Welcome to the September 2014 edition of the ABKJ newsletter.
In this issue…
Nine Tips When Buying a Property
Purchasing a home or an investment property can be both an exhilarating and stressful experience. Here are some tips to consider before you sign on the dotted line:
- Talk to your banker or accountant before you sign a contract to ensure the purchasing entity is correctly described. In particular, if you are obtaining finance, the name you place on your finance application must match the contract. Purchasers often omit their middle name and there are occasions where a preferred name has been inserted over a legal name. In such instances, it may be possible to…Read the full article
Reduce The Risk Of Estate Litigation
You cannot completely avoid estate litigation even if you feel you have the perfect Will. Every person has a right to contest the terms of a Will or Codicil no matter how careful you are in drafting it. Whether that person will be successful is a different matter and the amount of legal fees expended will depend on what action you took, whilst alive, to minimise the risk of litigation.
If you anticipate your estate will be contested after you die, there are some factors you can take into consideration when drafting your will in an attempt to reduce the risk, and potential cost, of litigation for your estate:
- Consider who you nominate as executor carefully. If you anticipate a relative will contest your estate, it may be worthwhile appointing an independent person to act as your executor. An executor who is emotionally invested in the estate, such as a spouse or child, can unintentionally cause…Read the full article