Overview:

Fixed Legal Fees

Terms and Conditions:

Legal Fee Policy Concessional Legal Fees

Concessional Legal Fees

Reduced Legal Fees

Original Beneficial Ownership

Additional Service Fees:

Additional Fact-Finding Fees

Variations of Draft Agreement

Initial Agreements:

Initial Agreements

Content of all Agreements

Current Legal Fees

Inadequate Insurance Proceeds

Trauma Buy/Sell Strategy

Alternative Initial Agreements:

BITA

Hybrid BITA

Self-Owned BSA

Proprietors Agreements:

Proprietors Agreement

Debt Reduction Agreements:

Debt Reduction Agreement

Other Services:

Variation Agreements

Meetings and Advice

Cost Savings:

Cost Savings

Additional Fact-Finding Fees

It is not always possible to complete all of the details of the Business Structure and Liabilities of the Business in the Client Meeting or Teleconference.

Examples of information that might not be available are:

• details of any Family Trusts or other Related Parties that own any of the Equity in the Business;

• the exact number of shares or units that have to be sold (rather than the percentage);

• details of the Borrower and Lender with respect to any debts that the Business wishes to insure.

IGS will identify any additional information not collected in the Meeting in the draft Questionnaire or Worksheets prepared by IGS.

IGS will also identify any information that the parties might not have been certain about.

The standard Documentation Fees assume that the Business or Adviser will supply any additional information about the Business Structure and Liabilities of the Business in the completed Questionnaire.

If the information is not supplied in the Questionnaire, there will be an additional Legal Fee of $440 to collect the information from the Business or its Advisers, review it and incorporate it into the Succession Plan and Documentation.

Draft Questionnaire

Clients and Advisers should email or fax the draft completed Questionnaire to IGS before formally submitting it, so that IGS can advise what additional information still needs to be supplied.

If this information is supplied with the completed Questionnaire before the Cover is applied for, this will usually avoid the need for the Fact-Finding Fee.

Change of Fee Policy

IGS reserves the right to change the Fee Structure from time to time.

Any change will not affect any Fixed Fee quotation for the preparation of an Agreement that has been accepted and paid in accordance with the quotation.

Copyright: Ian Gray Solicitor

Adviser Tip

The standard Fee allows for up to two (2) hours’ consultation with the Adviser or Client with respect to the Client’s needs and the completion of the Questionnaire.

See more Adviser Tips

Current Marketing Schedule

Ian Gray travels to most capital cities regularly throughout the year and is available for Meetings.

Please click here to see his availability in Brisbane, Sydney, Melbourne, Adelaide and Perth.

Please contact us to arrange an appointment or teleconference.