Navigating the future: key changes in South Australia’s Succession Act 2023
Does your Will need an update following the changes to the Succession Act 2023 (South Australia) commenced operation in South Australia on 1 January 2025?
Does your Will need an update following the changes to the Succession Act 2023 (South Australia) commenced operation in South Australia on 1 January 2025?
Christmas is a time for joy, family and reflection. But amidst the festivities, it’s also an excellent opportunity to consider your estate planning. While it might seem unusual to bring up estate planning during the holidays, Christmas presents a rare chance to start these important conversations.Â
Do you provide advice or influence decisions in a company without a formal director title? You could be a ‘shadow’ or ‘de facto’ director, exposing yourself to significant personal liability that could jeopardise your asset protection strategies.Â
​​You have always operated your business honestly and diligently, which includes paying each of your debts within their terms. Unfortunately, not everyone in business plays by the same rules….you have a problem debtor and cannot work out what to do. ​
You have loaned someone money in relation to a property, and in return the borrower has agreed to give you an interest in the property. You lodge a caveat, but you are worried about whether you are properly protected if the borrow does not repay you.
Caveats are a protective mechanism that play an important role in property law. However, a caveat is not a ‘security interest’ in the traditional sense, and it is important to consider whether a caveat is the appropriate tool to safeguard your interest.