A Testamentary Trust is essentially a trust that comes into effect upon the death of the testator (will-maker) and can be a useful estate planning arrangement in situations where extra flexibility is needed when the estate is disbursed to beneficiaries, such as circumstances where the beneficiaries are employed in high risk occupations (where their personal...
While we have reiterated the importance of having a current Will in many previous articles, (click here to read more), the importance of having a current Enduring Power of Attorney is just as important as having your Will in place. While a Will provides instructions for your executors in relation to the distribution of your...
Our family lawyers have been fielding a lot of questions in the past several weeks from worried parents regarding their children and parenting orders, so we thought it would be prudent to provide a brief update on the current guidelines surrounding the care of children and the operation of parenting court orders during this time....
If you are selling your property and have managed to get a buyer to sign a contract to purchase, then you will want to do everything you can to minimise the risk of termination of the contract and to make sure that the sale goes through. There are various situations which can arise during the...
In the same way that an individual can become bankrupt for failing to pay money when due, a company can be brought to a commercial end by being wound up for failing to pay its debts so it is vitally important if you run a company that you are aware of what a statutory demand...
If you are considering buying a house or have entered into a contract to buy a house, it is likely that you have included a finance clause to ensure that you can come up with the funds required for the purchase (i.e. getting a finance approval) (if not – please contact one of our property...
Where parties separate and one party to the marriage/de facto relationship is unable to adequately support themselves, then the other party may be required to pay spousal maintenance. A person has a responsibility, under the provisions of the Family Law Act to assist their former spouse or partner financially in circumstances where that person’s income...
A BFA or Binding Financial Agreements, commonly referred to as “pre-nuptial agreements” or “pre-nups” are becoming increasingly popular globally as couples look to put in place safeguards and individual asset protection strategies to protect their financial position as they enter into a new relationship. BFA’s are no longer reserved solely for celebrities and multi-millionaires looking...
This article has been written for employers and small businesses regarding hiring new staff, the legalities and the interview process with the potential employee. Taking on a new team member can be a daunting task for those running their own businesses because it is so important that the candidate hired is the best possible fit...
We hope that you found last month’s article regarding Retirement Villages valuable and informative, (click here to read it if you missed it) and this article will follow on from that article with a focus on aged care facilities / nursing homes to enable our readers to gain a greater understanding of the options available...
