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Even if you’re looking to stay on in your business for longer or have no plan for retirement, a buy/sell agreement ensures the future of the business continues as you wish in circumstances prescribed in the agreement. Some of those circumstances might not be planned – and could arise without notice: accidents, serious illness, even...
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A document by which a person gives an agent (the attorney) authority to act on his or her behalf. The power is enduring when the document states that the authority to act shall continue regardless of the later mental incapacity of the person giving the power.
In Queensland, the Power can be restricted to financial matters or extended to...
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As is the case in so many professions, the legal fraternity is comprised of generalists and specialists amongst the ‘lawyers’ we generally recognise in legal firms (other than barristers).
At Continuum Financial Planners we have developed an extensive network of legal firms from whom specialist advice is available on a range of...
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A beneficiary is a person who has a legal right to the use or enjoyment of an asset, even though the asset is not owned in his or her name.
In Trust and Estate situations, the beneficiary must be named to be able to start to enjoy the status bestowed on them: in a Will for bequest purposes, from an estate; but may initially have recognition...
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Succession is the passing of something from the current holder to the next holder: you might think of it as a baton in a relay race. Sometimes succession happens in an orderly, planned way – and on other occasions, it is thrust upon us. Business Succession is no different: we can plan for it; or we can wait for events to catch up with...
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