Garland Waddington E-news
IN THIS ISSUE, YOU CAN LEARN MORE ABOUT:
Does your business have a Will?
Most people recognise the importance of having a Will to determine how their estate is distributed when they die.
If you are self-employed, a partner or co-director, having a ‘Will’ or succession plan for your business is equally important.
Think about what may happen to your business when a key partner dies or is incapacitated.
Beware: Informal lease negotiations can create binding agreements!
A lease is a legally binding contract that gives you certain rights to a property for a set term. A written commercial lease is used when leasing property used primarily for a business.
You should never sign a lease without understanding all of its terms and conditions. If you don't understand what you are agreeing to you can be exposed to serious financial and legal problems.
What to do if you can’t find your trust deed
Losing a trust deed is not something anyone plans to do. Not only is a lost trust deed inconvenient it can also have serious consequences.
Even if the trust is able to continue operating, without having the trust deed to reference it may be very difficult, if not impossible, for trustees to be certain that they are administering the trust in accordance with the terms of the trust deed.