Buying a dream home is an exciting and significant decision to make. At the same time, it is an overwhelming experience as new home buyers must complete various documents that may be unfamiliar to them. In fact, either a solicitor or a licensed conveyancer can assist...
In Australia, a prenuptial agreement, is one type of a “Binding Financial Agreement” (BFA), pursuant to section 90B of the Family Law Act 1975. These agreements enable couples to protect specific assets brought into the relationship, ensuring they retain...
Superannuation Simply defined, superannuation is an enforced form of saving, so that the working members of the community can financially save funds to support themselves when they grow older. Types of superannuation Defined benefit interest: Within a defined benefit...
Introduction Buying property in Australia is a significant investment and an exciting journey. Whether you are a first-time buyer or an experienced investor, understanding the process is key to a smooth transaction. This guide outlines the steps involved in purchasing...
Before one can finalise a property settlement between a separated couple, regardless of whether they were married, the Australian Family Law requires each party to be transparent as to their financial situation and imposes a duty of “full and frank disclosure”. What...
Family trusts are a commonly used structure in Australia for tax benefits and/or for asset protection purposes. They may be used as a tool for protecting assets from creditors in the event of bankruptcy; protecting vulnerable family members (such as a child with...
