A deceased estate can be difficult to handle, but the process can be easier if you know a few details involved with how such estates are managed after someone passes away. This estate means not just their property and bank accounts but also credit cards and loans as well. Note a few factors to remember about a deceased estate in Australia and then discuss your concerns with a lawyer specializing in such estates, if you still need assistance.
The world has become a global village with most people establishing links in other parts of the world. As such, the acquisition of property is inevitable, especially individuals who have relocated to their preferred destinations. However, it is a challenge for foreigners to acquire property due to a myriad of laws and other requirements in Australia. In fact, the rules have been changed making it even harder for foreigners to buy property in Australia with the enactment of stiffer laws.
When you plan to buy an investment property, it's logical to run the numbers by computing the expected return as well as evaluating the probable risk. When you want to buy a piece of real estate with existing occupants, the occupants themselves are one of the risk factors. While some occupants are prompt in making rental payments, some actually never pay. So how can you lower your exposure to this form of tenant risk?
You may only be in secondary school and uni seems like it is a long way off, but it is never too early to get an understanding of what different careers are out there. Being a lawyer seems to be a great profession, especially if you have seen episodes of 'Rake' or any other series about lawyers. On the other hand, not all lawyers end up in court, arguing brilliantly against each other.
Whether you own a business or a farm, there will be a time when you won't be able to run it anymore. This may be because of age, disability, illness and even death. Without planning for the running of the business ahead of time, you open your business up to succession wrangles and confusion that could permanently impact the business. Good business owners must therefore be proactive in laying mechanisms to help the business survive in their absence.