Most people who have thought about buying or selling a property have heard the term 'conveyancing', but they don't always have a clear idea of what exactly conveyancing is or why they need the services of a conveyancing company.
What exactly is conveyancing?
If you want to buy or sell your home, buy-to-let, remortgage or simply extend the lease on a property then conveyancing will probably be involved. When it comes to buying a property, the conveyancing work will begin once your offer on the property has been accepted.
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As much as you may want to avoid thinking about your mortality, you should keep in mind that life is so unpredictable. Writing a will helps ensure that your property and assets will be distributed according to your final wishes once you've passed on. This can potentially protect those you love and care for from being deprived of a share of your estate once you're no longer around to cater to their well-being.
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If you purchased a business a little while ago, you may have gone through a lengthy process of negotiation with the seller, during which time you were presented with a raft of data to help you come to your conclusion. You may have been given a number of assurances by the seller in relation to the health of the business and may have been told that there were no outstanding debts, other than what may have been disclosed.
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Great strides have been made in recent times toward finding a cure for dementia and Alzheimer's disease, but it remains a scourge of Australian society. Many people who reach advanced age find it increasingly difficult to make decisions on their own behalf and this can be particularly problematic when it comes to designing a will. If you suspect that a loved one was incapacitated in this extent and are not sure about the legality of the will, what can you do?
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When you obtain mortgage financing to purchase a property, you will typically be required to pay a certain amount of interest every month. The mortgage can come with a fixed rate interest or a variable rate. A fixed rate is based on a specific percentage of the total mortgage amount, and it remains the same throughout the term of the loan. However, a variable mortgage rate oscillates according to current market conditions.
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