With Melbourne under Stage 4 restrictions, some people are concerned about what will happen with their Will or Enduring Power of Attorney that they've started but not yet signed.
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Your Will serves as a set of instructions to an executor and contains important information about the entitlements of your beneficiaries. With this in mind, it is useful to know who can view your Will, before and after your death.
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We often talk about the role of an Executor. But what happens when an Executor behaves badly? Can they be removed?
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We recently acted for the vendor of a property on the Mornington Peninsula. Still being in the midst of the pandemic, the vendor was pleased to secure a purchaser; a local company. The parties signed the contract, the cooling-off period passed, and our client thought all was done and dusted. Four days later, the purchaser pulled out. What went wrong after executing the contract?
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If you’re an executor to a deceased estate and some of the property of the deceased is located overseas or interstate, there can be an added level of difficulty in distributing the estate to the beneficiaries.
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If you’re purchasing property “subject to finance”, it’s important that you understand exactly what that means; how letters of offer work, notification obligations if finance is ultimately not granted and the lender’s T&C's for providing the finance.
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