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...
Trusts are powerful tools in estate planning, allowing individuals to safeguard assets and control their distribution even after their death. Among the various types of trusts, two common structures are family trusts and testamentary trusts. While both serve similar...
If you have separated from your spouse or de facto partner, deciding what to do about the family home can raise a whirlwind of emotions. Many memories are attached to the family home – good and maybe bad – and while some may want to hold onto the home and all the...
A separating couple with minor children will need to work out the parenting arrangements for those children – where the children are to live, who they spend time with, and who may make decisions about the children. If the couple can agree, their agreement can be...
There are 4 main types of business structures for doing business in Australia, each with their own advantages and disadvantages. A person can carry on business as a sole trader, partnership, trust and company. Some businesses operate as a combination of these. There...
If you’re in the unfortunate situation of going through a relationship break-up you have probably heard all sorts of ‘advice’ from well-meaning friends and family. Family and friends are a great source of emotional and physical support when you have separated, however...
