One of the most common myths when it comes to separation is that “all family disputes go to the Court”. However, this couldn’t be further from the truth as a vast majority of cases are resolved without the need of going to Court, and of those matters that do end up in the Court room,...
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YOUR CHEAP WILL KIT MAY END UP CAUSING AN EXPENSIVE PROBLEM FOR YOUR ESTATE
One of the questions that we are posed by many of our clients, time and time again, is ‘why can’t we just use one of those $20 will kits from the newsagent?”. In fact, in our experience many people are hesitant to pay for a lawyer to prepare their will properly, instead preferring just to...
FOREIGN RESIDENT CAPITAL GAINS WITHHOLDING REGIME – WILL IT AFFECT YOU?
Regardless of whether you are a foreign person or an Australian resident, the new withholding tax legislation (‘tax legislation’) may affect you if you are involved in a transaction relating to the sale or purchase of Australian real property, with a purchase price of more than $2 Million. There are also several other methods of...
TIMELY REMINDER TO UPDATE YOUR WILL AFTER YOUR DIVORCE HAS BEEN FINALISED
At Affinity Lawyers, we know that when a separation occurs it can be a stressful, emotional time for parties and the period of time in which a property settlement is being finalised can often pass by in a blur, leaving parties at the end of the process feeling emotionally drained and with little recollection of...
DO YOU OWN ASSETS IN MULTIPLE JURISDICTIONS? IF SO, YOU MAY NEED TO LOOK VERY CLOSELY AT YOUR EXISTING WILL AND ESTATE PLANNING ARRANGEMENTS
If you own assets in multiple jurisdictions then it would be prudent to make sure that your estate planning is as thorough as possible to ensure that all of your assets can be dealt with as smoothly as possible upon your passing. We are seeing an increasing number of clients who hold property in multiple...
MAKING A LAST WILL AND TESTAMENT – WHAT DO YOU NEED TO KNOW?
Making a Will without the assistance of a professional is not advised. The main goal in creating a Will is to ensure that your wishes are fulfilled after death. Even the most simple or self-explanatory do-it-yourself kit can leave errors or gaps, which will mean that the executor of your Will won’t be able to...
NEW YEAR – TIME FOR A WILL HEALTH CHECK?
The start of a new year is the perfect time to sit down and take stock of your present circumstances. Are you happy with your job, relationship and current living arrangements? Do you have a dream of undertaking further study, starting a new sport or hobby or simply taking more time out to relax? More...
NOMINAL ASSETS – DO YOU STILL NEED A WILL?
If you are an existing client of our firm, you would have recently received an important letter in the mail regarding Estate Planning and Wealth Protection. This letter highlighted the importance of obtaining legal advice tailored to your specific circumstances to ensure that your loved ones are protected and your wishes are adhered to after...
TESTAMENTARY TRUST WILLS
Our firm has previously highlighted the importance of preparing a Will, however, there are some situations where a standard Will may not be the most effective way to distribute your estate. In matters that involve large estates, a number of beneficiaries, or where the beneficiaries are in risky occupations, testators should consider making a Testamentary...
POTENTIAL PROBLEM WITH ‘MIRROR WILLS’
It is quite common for spouses to enter into what is known as a ‘mirror will’, which essentially provides that their estate will go to each other when they die, and when the remaining spouse passes away, it will go to their children. However, what many people don’t realise is if they do not put...