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August 2023
We refer you to section 9 of the Wills Act 1837 (WA 1837) which sets out the requirements for a valid Will. That section states: ‘No will shall be valid unless— (a) it is in writing, and signed by the testator, or by some other person in his presence and by his direction; and (b) it appears...
The requirements for a valid Will are set out in Wills Act 1837 (as amended by the Administration of Justice Act 1982) and are as follows: The Will must be in writing and signed by the testator or by some other person in his presence and by his direction It must appear that the testator...
Rights and duties of a trustee in relation to expenses incurred in transferring trust property to a beneficiary A trustee is under a duty to distribute the trust assets to the correct beneficiaries in the execution of the trust, which includes transferring the legal ownership of the trust assets to the beneficiaries. Any failure to...
This Q&A is relevant to situations in which the shares in the company are unquoted. The starting point for a valuation of unquoted shares is their open market value at the time of the transfer between a hypothetical willing buyer and willing seller. For the purposes of determining the price the shares would be expected...