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Should Accountants be Drafting Wills?

Accountants and Will drafting.

Should Accountants be Drafting Wills?

As an Accountant or Financial Planner what would you do if a client asked you to draft their Will?  Do you know the risks?

Whilst the temptation to be holistic in your services to a client is understandable, this blog will offer some guidance, and identify the pitfalls of engaging in a legal practice which could contravene the requirements under section 12 of the Legal Profession Act 2008 (“the Act”).

Lets start with "Only Legal Practitioners may engage in legal practice under the Act".

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278 Hits

MARRIED AT FIRST SIGHT - WHAT COULD GO WRONG?!

Married at First Sight – what could go wrong?!

Married At First Sight – the series we all love to hate and hate to love. With many people sick of choosing the wrong person for themselves time and time again, often via their online dating accounts, you can forgive some for thinking that, just maybe, these modern-day arranged marriages are the way of the future. And who can blame them with unlikely love birds like Telv and Sarah flaunting their love on national television?!

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1519 Hits

A rose by any other name...

Ask anyone and they will tell you that now is the time for girls to run the world. For the first time ever, we’re staring down the barrel of women running the USA and the United Kingdom at the same time. Women have never been more powerful. Or have they?

We all know that it’s a well-accepted tradition in Australia that when a woman marries, she “assumes” the surname of the lucky man who bagged her. This is a tradition that stems all the way back to a time when a woman “belonged” to her husband, and her husband wanted everyone to know it.

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2885 Hits

The To Do's Before the I Do's

THE TO DO’S BEFORE THE I DO’S

Marriage is about more than just the loving union of two people—it’s also about the union of financial assets and liabilities, and families. Or, as some like to say, it’s about halving your rights and doubling your duties.

There are good reasons why you should consider signing a Financial Agreement before you marry or commit yourself to a de-facto relationship. However, not everyone needs a Financial Agreement. Quite apart from the legal issues (which you can discuss with a solicitor), the answer to this question will depend on a number of practical considerations, as follows:

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4726 Hits