All publications relating to ‘John Trinh’
5 clauses to look out for in your franchise agreement – they might be unfair
Changes to the unfair contract terms régime are in effect, and entering into any franchise agreement containing an unfair contact term or relying on an unfair contract term in a franchise agreement could come with significant penalties for franchisors. Both franchisors and franchisees should review their franchise agreements to ensure they do…
What to do when a loved one passes away
When somebody close to you dies, it can be a very challenging time. While dealing with the grief itself can seem overwhelming, there is also a list of administrative tasks to be taken care of – with some things needing to be done at very short notice after a person passes away.This article looks…
5 things you should know about binding death benefit nominations
It is important to consider your superannuation entitlements as part of your estate plan especially when they do not form part of your estate. As superannuation entitlements can result in significant distributions to beneficiaries, it is crucial to ensure that they are paid in accordance with your wishes. A non-binding nomination…
Tips and traps for granting life estates
Generally speaking, a life estate gives full ownership rights to the recipient, other than the right for the recipient to pass the property to their heirs upon their recipient’s death. A life estate may be granted with certain conditions attached. Life estates are a common mechanism used as part of estate planning in blended…
COVID-19 | Making a Will in times of emergency
COVID-19 has significantly changed the way we do ordinary tasks. With the increasing restrictions on travel, leaving the home and gatherings, tasks we used to do everyday with ease have become more difficult. This is even more so when it comes to making your Will. Generally speaking, a Will needs to be…
5 times to review your estate planning
As the holiday season approaches and travel plans are made, many people consider it the right time to update their estate planning. In addition to reviewing your estate planning before you travel, we take a look at five significant life events that should prompt you to review and update your estate planning.MarriageMarriage…
The problem with informal Wills
In NSW, section 8 of the Succession Act 2006 (NSW) (Act) lets the Court dispense with the formal requirements for a will. However, it would be imprudent to rely on this provision (and state and territory equivalents if you are outside of NSW). It is always best to comply with the formal…
Murder and inheritance – the $40 bottle of wine story
Everybody knows the basic rule – a person must not kill another. When it comes to dealing with the estates of victims of an unlawful killing, that rule becomes – a person shall not kill and inherit. In this article, we explore the application of the forfeiture rule to inheritance from a deceased…