The legal definition of marriage in the Marriage Act 1961 has been changed from being a “union of a man and a woman” to a “union of two people”.This change means that marriages between same sex couples previously recognised outside of Australia are now recognised in Australia. It can be complicated if the ‘married’ couple have separated prior [...]
This is so that as many trusts can be created as are necessary so that each of your beneficiaries may in due course have their own trust with themselves as the primary beneficiary and with each trust in identical terms. So, for example, the initial trust may only be for your spouse. Your children are [...]
Where property is owned by 2 or more people, there are two ways in which their ownership may be described. They can hold the property as joint tenants or as tenants in common. But why does it make any difference? Joint tenancy The owners as joint tenants own the whole of the property. If one [...]