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Parental Financial Assistance to Children – I Want to Lend Money to My Children, but How?
Parents at all times have assisted their children to become established in life but in more recent times the amount of financial assistance being given by parents to their children to enter into the property market, has been significant. [...]
Property Law – Building Covenants and Restrictions: What They Are and How They Can Affect You
From time to time purchasers will buy an existing property with the intention of carrying out building work on the property and which can include additions to the existing house, pergolas and swimming pools etc. Most of the time [...]
Family Law – Lotto Wins – But It’s Both Our Money, Right?
Imagine this – in the first year of your new marriage, you also win the lotto. You decide to deposit the money into a term deposit, as a nest egg of sorts, and your lotto win increases to a [...]
Same Sex Marriage Legislation- Family Law and Estate Issues
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 [...]
Testamentary Trusts – Why is their provision for the creation of parallel trusts?
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. [...]
Joint Tenants or Tenants in Common: What’s the Difference, and Why Should I Care?
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? [...]
Wills and Estates – Testamentary Capacity In Making Wills
In order for a will to be valid in NSW, the testator (i.e. the person making the will) must have the capacity to understand the precise nature and effect of the document they are executing. If there is evidence to [...]
The Work Christmas Party – A reminder to Employers
As we plan for our office or workplace Christmas parties it is worth pausing to consider that this event which should be fun for all and a celebration of the year’s work together is also an event that attaches certain [...]
Family Law Property Settlements- Get Onto It Now!
Working out the best way to divide property you own with your former spouse can be very difficult and daunting. It is not as simple as selling off assets and each party retaining a certain portion of the sale proceeds. [...]
Property Law – Do I Have to Pay a Special Levy?
When you are looking at purchasing a Strata Unit it is imperative to instruct your solicitor to obtain a Strata Inspection Report. The Report will provide information regarding not only the amount of quarterly levies and the balance of [...]
