Before the year 2000 you could not enforce Prenups or Financial Agreements made outside court – you simply couldn’t contract out of the Family Law Act entitlements. These days Binding Financial Agreements including Prenups are made all the time, and provided that they are prepared and executed properly and have compliant content, they are definitely enforceable. What …
Asset Protection Contract Law Court Family Law Family Trusts Prenups Property Separation
19 October 2015
Binding financial agreements and prenups explained
A binding financial agreement or prenup as the casual term, is an written agreement between two parties setting out the assets, liabilities, property and other financial information of how it will be divided should there be a relationship breakdown. Binding financial agreements can be made before, during or after a marriage or de-facto relationship. Lets …
0
0 Comments
Family Law Discretionary Trusts Family Trusts Property Separation
24 June 2014
Family law orders can counteract fake transactions
Family Law Orders can counteract Fake Transactions Under Section 106B of the Family Law Act, the Family Law Courts have power to set aside, cancel (or restrain) the making of a transaction by a party to proceedings, which is made or proposed to be made to defeat the interest of their spouse/other party in those family law proceedings. …
0
0 Comments
Contact Discretionary Trusts Elder Law Family Trusts Guardianship Inheritance Power of Attorney Property Refinancing Wills
6 June 2014
Legal and financial fraud on the elderly
Fraud upon the elderly is becoming more and more widespread and sophisticated. Presently there does not appear to be any unified Australian legislation which protects older people from this type of abuse. In a 2011 study conducted by the Crime Research Centre of the University of Western Australia its findings were that “misuse of Enduring …
0
0 Comments
Contract Law Family Trusts Inheritance Joint Venture Prenups Property Refinancing Wills
27 May 2014
Wills and family agreements
WILLS AND FAMILY AGREEMENTS: WHAT CAN GO WRONG There are a significant number of generous parents these days who purchase properties for their adult children based on family “understandings” that are never recorded, only verbal. The agreement varies from family to family and can include arrangements anywhere from the parents legally owning the house, to …
0
0 Comments
Associations Business Law Company Discretionary Trusts Family Trusts Joint Venture Partnership Self-Managed Super Funds Tax Unincorporated Associations Unit Trusts
30 April 2014
Starting or buying a new business – which structure?
Starting or Buying a New Business- Which Structure? WHAT IS THE BEST LEGAL STRUCTURE FOR A START UP BUSINESS? The importance of getting your structure right when buying or starting up a small business cannot be underestimated. For example, there are capital gains tax concessions which are available to all different structures, subject to qualifying …
0
0 Comments