We publish a wide range of useful information on a regular basis.
Too often clients think of themselves and their Family Trust as being interchangeable – they are not. The Family Trust is a separate legal entity operated by the trustees. The trustees in turn have legal obligations towards all beneficiaries named in ...
When a company is in financial difficulty, it might enter voluntary administration, receivership or liquidation. There are important differences between these processes, as outlined below. Voluntary Administration Under Part 15A of the Companies Act 1993 (‘the Act’), an administrator may be ...
In this article, which is the first of a series of articles on family property arrangements, we focus on arrangements whereby parents lend money to their adult child (and/or their partner) to assist with the purchase of a property. Other types ...
If you have been disqualified from driving a motor vehicle by a Court order or had your driver’s licence suspended because of excess demerit points, you may be able to apply for a limited licence. The Court can authorise the issue ...
The Child Support Scheme is managed by the Inland Revenue Department (“IRD”) and operates under the Child Support Act 1991 (“the Act”). The Act provides a formula to work out the amount of child support payable.
Many tenants under commercial leases seek to negotiate a shorter initial term with rights to renew the lease in the future, rather than committing to a long-term lease at the outset. These rights are referred to as “rights of renewal”, and ...
Trustees’ Obligations & Breach of Trust with Power of AttorneyA recent High Court decision considered a claim for breach of trust in the context of the use of a General Power of Attorney by a Trustee. A Trustee had made a ...
Another reason for us to be vigilantIn our Winter 2015 newsletter we commented on “Potential Fraud Issues” and particularly “the need for photographic identification” for land transactions. All such property transactions are now dealt with by a process called “E-dealing” through ...
When and why you need them? A Property Sharing Agreement is a contract created between two or more owners of a property. This type of agreement is common where friends, family or business colleagues intend to purchase a property together and ...
Trustees’ Obligations & Breach of Trust with Power of AttorneyA recent High Court decision considered a claim for breach of trust in the context of the use of a General Power of Attorney by a Trustee. A Trustee had made a ...
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