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The fast approaching holiday season serves as a timely reminder to ensure your estate and succession planning is in order. Not only is it important to structure your finances, and any investments or business ventures appropriately throughout your lifetime, it is also important to ensure that your assets and estate are dealt with in accordance with your wishes.
On the 20th of October 2015, legislation was passed which will make void, ‘unfair terms’ in ‘standard form contracts’ where at least one party is a ‘small business’ and the ‘upfront price payable’ is less than a threshold amount.
Are you prepared for your future? Have you thought about who will make decisions for you when you cannot make them? A power of attorney is an important tool that enables you to appoint individuals to make decisions about your wellbeing when you cannot make them yourself. As a result of a recent change in law there are now three forms of powers of attorney available in Victoria. Which power of attorney is appropriate for you?