Property & Estate Planning Lawyers
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In 2018, we have all listened with great interest to people recounting their experiences with the banking industry.
Whilst many of the encounters have had a devastating effect on the people involved, few of their stories surprise the legal profession - and no doubt many others.
At some future time, the Royal Commission will release a detailed report containing recommendations for a raft of changes.
When reading many of these harrowing stories, a consistent factor appeared to be that legal advice was either not obtained, or if obtained - was not acted upon.
Today's brief article is intended to give you an idea why a lawyer should often be the first person to speak with when contemplating many finance transactions.
This article is not about someone buying their first home, or someone upgrading their home. The emphasis of this article is very much on those people who are borrowing money secured against real estate assets to buy investments - such as real estate, shares or businesses.
Wills need care and attention. Estate planning needs care and attention.
And when this doesn't happen, the consequences can be extremely challenging and unfortunate for those left behind.
The ever increasing information on the internet only adds to the problems encountered by those left behind. What if the information they are reading is incorrect, or not relevant to their circumstances, or is incomplete?
Today's article isn't directly about someone acting upon incorrect information sourced from the internet. It is about the benefits of your Will being consistent with your management of your assets whilst you are alive.
It has been (and continues to be) an expensive & all-consuming exercise for these 3 adult children.
Last Friday (1 June 2018) the Supreme Court handed down a decision. But it's only the beginning!
There is no rule requiring an Executor to obtain the Probate of a Will. But it is strongly recommended.
Usually, where the deceased had money in a bank account, the bank's risk management-minimisation process will require the Executor to provide a certified copy of the Probate document.
Obtaining the courts seal of Probate on a Will protects not only the Executor but also anyone who deals with the assets of a deceased person.
Today's short article is an example of what happens when proper process isn't followed.
This week, property owners are receiving the Annual Land Valuation Notice from the State Valuation Service.
Many people won't pay much attention to the Notice as it's only a valuation of property you own. The Notice doesn't require you to pay any money.
The problem is that the valuations are used to calculate the Land Tax that you will pay in October. And if the valuations are unreasonably high, you have to take action now. Any objection has to be lodged by 8 May 2018.
It's worth taking this issue seriously. One government agency is determining the value of your property so that another government agency can send you a bill based solely on their own assessment.