Disaster with no employment termination clause

Q: Why put a termination clause in your Employment Contract: Brett, you strongly recommend termination clauses. We approached the website that normally prepares our Employment Contracts. They don’t use termination notices. I asked them why. They said they were...

Son lost the farm to his sisters – Family Trust guilty

Dad dies. What happens to his Family Trust with the farm in it? For asset protection, all of Dad’s assets are in his Family Trust. Dad’s Family Trust is worth $6m. It contains: a farm (worth $4m): and two apartments (worth $4m each). On his deathbed, Dad...

Are Employment Contracts a waste of time?

The accounting house built Employment Contracts for each of their accountants. The accounting house didn’t waste time getting Employment Contracts for secretaries. Joanne joined the accounting firm as a secretary. She typed letters for the managing partner. She...