About: McKillop Financial Planning

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Employee or Contractor?

Are you hiring an employee  or a contractor? This is an important question often overlooked by business owners. What is the difference between an employee and a contractor? The difference between an employee and an independent contractor is based on many different factors. No single factor determines whether someone is an employee...
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What is an agreement to make Mutual Wills?

An Agreement to Make Mutual Wills is an agreement between 2 parties (usually a husband and wife, but can be a same sex couple or a de facto couple) to make Wills in an agreed form. Usually, they provide that the parties may not act such that those Wills don’t get given effect to,...
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The difference between joint tenants and tenants in common

Consider this not uncommon scenario… You own property with another person and you are in the process of making a Will. Of course, you want your interest in the property to go to your intended beneficiaries. Your solicitor asks you if you own the property as “joint tenants” or as “tenants...
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