Unfortunately yes it can. Losing the deed of a family trust can lead to significant legal and operational challenges, as the trust deed is the foundational document that governs the trust’s operations, specifies its beneficiaries, and sets out the trustee’s...
My wife and I split our assets after we separated. We didn’t need lawyers we just agreed. We hear that often. Whilst it may seem simple enough and may save on legal costs to not get the lawyers involved- not formalising things properly can come back to bite you later....
You have made the decision. You are going to enter into a retirement village. The nice people at the Village have given you an agreement to look at together with a bundle of other documents. The documents suggest getting them reviewed by your solicitor. Should you...
We have talked previously about how the “Bank of Mum and Dad” is an increasing necessity in Australia for parents to enable their children to enter the property market. There is a risk however when parents advance a large amount of their family wealth to their...
We have written before about the “Bank of Mum and Dad” which is a colloquial expression referring to parents (or grandparents) providing financial support to adult children, often to help them to make a start to get on to the property ladder. Such support can come in...
