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The financial aspects of a divorce

A preliminary guide to common issues asked by couples who are separating. The act of leaving a spouse is always difficult.  And almost always the financial aspect of the separation is a key discussion point. We have detailed a few financial and tax related things to go over for couples who are intending, or who […]

What to consider before signing a personal guarantee

By Westcourt Blogger Personal guarantees are a standard business practice in commercial transactions, however, they are often misunderstood and can pose significant financial risks. A personal guarantee is an agreement of one party to answer for the debt, default or miscarriage of another. Director guarantees are a common type of guarantee, where the director of […]

Separation and super

By Westcourt Blogger Since superannuation forms one of a couple’s biggest assets, splitting superannuation after a separation can be a complex process. Superannuation is treated as property under the Family Law Act 1975 (Cth). Once a relationship ends, superannuation can either by split by agreement or court order. Generally, parties will try to negotiate an […]

Intellectual property law basics

By Westcourt Blogger While intellectual property can be a valuable business asset for business owners, it must be legally protected if a business owner wants to increase the value of their business. Intellectual property can add further value to a business when it is sold. Intellectual property is the collection of ideas and creations of […]

New high income threshold

By Westcourt Blogger The Fair Work Commission has increased the high income threshold for unfair dismissals from $136,700 to $138,900 per annum, with effect from 1 July 2016. Under the Fair Work Act 2009, employees who exceed earnings above the high income threshold are not entitled to make an unfair dismissal claim against their employer, […]

Five reasons to write a Will

By Westcourt Blogger Those who don’t have a valid Will are overlooking a significant opportunity to plan for their family’s future. Writing a Will can help when distributing assets upon death, choosing executors, setting out funeral arrangements and even appointing guardians for infant children. While many Australians already have a Will, a number of those […]