After separation and divorce, you and your ex-spouse will have to a lot of decisions to make, and the process is oftentimes lengthy, especially when legal procedures are involved. One major thing you will think about is how to divide your property. Property is central to any divorce settlement and is usually a way for you to break any financial ties with your ex-spouse. One of the most significant assets or properties you and your ex-spouse will have to think about in your property settlement agreement is your family home.
Most people consider themselves to be upright and outstanding individuals, contributory members of Australian society. Yet sometimes the unexpected and inexplicable can happen, and they may be arrested by an officer of the law on suspicion of having committed an offence. For many, this can be overwhelming, especially if they maintain their innocence. If this is you, don''t panic, and remember that you have specific rights under the legal system here.
Being an estate executor can be challenging and stressful, especially if you're dealing with a large estate or there are many beneficiaries. Until the estate is successful distributed to beneficiaries, you are the sole representative of the deceased's wishes and are legally obligated to maintain and protect the estate.
1. Act in good faith
Because often executors are people trusted by the deceased, provided you act in good faith, you won't be liable in case of mishaps like decrease in asset value.