A Video Will – Can That Work?
An 85 year old widow made a formal will on 6 March 2012 with the assistance of her solicitor. Her estate was valued at $930,000. Shortly after making she will, changed her mind. She wanted to provide special legacies to two of her eight children. She felt especially...
Guaranteeing A Loan
Have you ever been asked to guarantee someone’s loan? Parents often provide guarantees to a bank when their adult child applies for a loan. Company directors give personal guarantees to meet obligations to financiers or suppliers. Guarantees usually have clauses like:...
Plan & Protect
Do you and/or your partner have one of these experiences? Recently bought or sold a property; Planning to buy or sell a property soon; Have children and/or grandchildren; Have an elderly relative in the family; Have a sizeable superannuation and/or insurance policy;...
It’s Spring time! Let the busy season start!
While Sydney may not be as sunny as hoped at the moment, our red hot property market has certainly not been impeded by the weather. Sales have been unexpectedly strong throughout the wet Winter and we are very excited to see another huge Spring property surge....
Bankruptcy Notice – 10 Things You Need to Know
Mike turned 50 last week. His family used to celebrate birthdays with him, but not in recent years. Since he was made redundant, Mike found it increasingly difficult to secure a job due to his age and skills. He tried starting his own business but it didn’t flourish....
Binding Nomination and Superannuation
Children lose out on $650K of mother’s Super! Stepfather gets the lot! The children got nothing and had to pay legal costs! This was despite Mother’s will excluding the stepfather. How did this happen? Ioppolo & Hesford v Conti In the recent case of Ioppolo &...
New Prescribed Forms Of Powers Of Attorney
The General Power of Attorney and Enduring Power of Attorney which used to share a single form are now in separate forms. An Enduring Power of Attorney is required to be in the new form if executed on or after 1 March 2014 in order to be accepted by the Land and...
Your Transitional Security Interest On The PPSR
Security Interests under the Personal Property Security Act Transitional Arrangements to end on 31 January 2014! The Personal Property Security Act (PPS Act) came into law on 30 January 2012. The PPS Act established the Personal Property Security Register (PPS...
Company Director Penalty Notices
What you need to know and do to sleep easier. Are you a director or thinking about becoming a director of a company? You or your friend may need to know more about the personal liabilities that directors now face. Personal Liability includes Employee Super Since 1993,...