Now, two months later you prepared a contract that is ready to be signed if you can just figure out the right date. It’s harder than you think to put in a prior date and have it look authentic.
In general, “backdating” should be avoided, whether we are talking contracts or old flames. Yes, I know businesses do it all the time but that doesn’t mean it is good business practice; and in many cases it may be considered fraud or misrepresentation. For example, the first payment is due upon signing two months ago…except the check was never written or deposited in a bank. So, there is no intent to defraud or mislead or misrepresent the true nature of the agreement.
If you are thinking of rekindling your relationship with an old flame, you came to the wrong place.
What “backdating” is about is signing an agreement today with the intent that it be effective as of a prior date.
It also potentially gives ammunition to a litigious third party seeking to make a claim against the trust.
In NSW, the Office of State Revenue has successfully prosecuted individuals (or their agent) who engaged in criminal behaviour to evade their tax obligations by deliberately providing false and misleading information (eg, backdated documents).
If the trustee was not even in existence on 1 July, how can the trust exist from that date?
This not only undermines the integrity and legal existence of the trust, but also creates hurdles that will delay dealings with third parties such as banks and duties offices.The insurer will either use your actual age or the age you are nearest to based on the birthday you’re closest to.It is legal to backdate a life insurance policy by up to 6 months to help you get the lowest rate allowed for that age.The presumption is that a document is taken to have been signed on the date shown on the document.Are you doing any harm by backdating the deed you are signing? Breaking news: it’s against the law If you backdate a deed you are giving the rest of the world a false impression as to when the deed was executed and took effect.Lawsuits would inevitably skyrocket, clogging our already over-burdened court system.