Certainly, the statement can be made in the Will but legally a loan has to be called up by way of legal action within a period of six years as determined in the Limitations of Actions Act 1974 (QLD). If the loan is not called up within the 6-year period, there may be no legal basis for a claim to repay the loan to the estate or set it off against a child’s share.
Bicycles are a type of vehicle and bicycle riders have the same rights and responsibilities as motorists when using the road. The best way to describe the above is to think of a bicycle rider as a motor vehicle on the road. Yes, they are slow and may be annoying to some motor vehicle drivers… but bicycle riders have a right to be on the road.
The Advance Health Directive form suggests that you review your Advance Health Directive every two years, however there is no legislative requirement in Queensland for the review of an Advance Health Directive, within any period of time, for it to remain legal, valid and binding.
Your bank holds the title to your property until your home loan is completely repaid. When you have repaid the mortgage in full, you need to follow a specific procedure to discharge the mortgage.
Then do both processes simultaneously and contemporaneously. With the right help… you can time your settlements in such a way they settle simultaneously and do not overlap and leave you in a difficult situation.
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