protect your legacy.
PERSONAL FUTURE PLANNING SERVICES.
What will you leave behind for the next generation?
What seeds are you planting in a garden you’ll never see?
Your legacy grows with each new experience, each new bold idea, each new courageous business or investment move.
And Law Team’s future planning services can help you protect it.
Because while you can’t control the future, the right legal framework, tools and documents can keep it safe.
PROTECT YOUR PERSONAL LEGACY.
Have you been putting off getting a will?
Wills are the single most important document to ensure what you’ve built goes into the right hands, and your children are cared for by a guardian of your choice if something happens to you. And yet, more than 50% of Australian adults don’t have a valid will.
Properly prepared and witnessed, they ensure your wishes are carried out after your death, and can reduce disputes or ambiguity among heirs.
POWER OF ATTORNEY
Ever thought about what will happen if you’re no longer able to care for your business, property or assets?
A Power of Attorney is a legal document that allows you to appoint someone to manage ﬁnancial and legal decisions on your behalf if you become ill or are injured and no longer able to make legal decisions.
Planning and having the conversations with someone you trust now, can make it easier in the future if something happens to you.
There may be a time in your life when you need someone to make important decisions about your health and lifestyle for you.
If you experience a temporary, indefinite or permanent loss of decision making abilities, an appointed Enduring Guardian can start making the decisions for you.
An Enduring Guardian is a legal document, so by appointing someone of your own choosing, you can rest easy knowing someone you personally trust will be calling the shots, rather than leaving it to chance or the government.
ADVANCED HEALTH DIRECTIVE
Have you let your loved ones know which health treatments you want or refuse if you become seriously ill or injured?
More specific than an Enduring Guardian (which should be your first port of call), an Advanced Health Directive or Living Will lets you provide speciﬁc directions for speciﬁc scenarios such as:
Who would make medical decisions for you if you’re unable to do so
What values, goals and preferred outcomes you want for your life, and
The treatment you would like or refuse if you have a life-threatening illness or injury.
Preserve YOUR BUSINESS LEGACY.
How do your shareholders know their responsibilities, what they can and can’t do, how the business should be run?
The best way to provide clarity is with a Shareholders Agreement. As a legal contract it sets our each shareholders’ role, rights and responsibilities, and governs how important decisions will be made, how to settle disputes, how shares can be bought and sold, drag-along and tag-along rights, and other scenarios that could aﬀect the company, such as the death of an owner.
While a Shareholders Agreement isn’t a legal requirement, if you’re going into business with someone, taking on a partner, or splitting ownership of your company, it’s a necessity to protect your interests, and prevent messy legal situations and disputes later on. Like we always say, prevention is better than cure.
Deed Of Accession
Has your company grown?
Have new shareholders bought into it?
When new people buy into a company, it issues them with shares and they become shareholders.
However, the Shareholders Agreement is only binding to people who agree to it and sign it.
That’s where the Deed of Accession comes in. It’s a simple legal document that new shareholders sign to bind them to your companies’ existing Shareholders Agreement, giving them access to voting rights and issue or sale of shares.
Employee Option Plan
Have you considered offering your employees shares or options to acquire shares?
Employee Option Plans (EOP), Employee Share Option Plan (ESOP), or Employee Share Scheme (ESS) are a great way to reward and retain employees whose dedication, expertise and talents are crucial to your business.
If an employee accepts your EOP, you’ll need to make sure you have a detailed and well-structured plan in place that’s compliant with tax laws and inclusive of tax deferral clauses.
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