Enduring Power of Attorney – No Big Deal, Or Is It?
Enduring Power of Attorney – No Big Deal, Or Is It? You have just been asked by your elderly parents to become their attorney (representative) under an Enduring Power of Attorney (EPA), as they need help with managing their finances. This EPA will allow you to use your parents’ money to pay bills and withdraw […]
Borrowing By Self-Managed Super Funds
If you are considering establishing a Self-Managed Super Fund (SMSF) and want to obtain a loan or borrow funds to acquire super fund assets, you need to enter into a specific borrowing arrangement called a Limited Recourse Borrowing Arrangement (LRBA). One example we often come across at Priority Business Lawyers is that when you own […]
Clarity is Key with Estate Planning and Wills
Estate Planning and Wills A few recent cases before various superior courts in Australia have reiterated the need to obtain appropriate legal advice at the time of drafting a Will to ensure that your wishes properly explained and carried out after your death and to avoid costly Court intervention. In the matter before the Supreme […]
Estate Hemmes; Cameron v Mead [2018] NSWSC 85
Edward Cameron, the son born to hospitality magnate, John Hemmes, and Fiona Cameron in 1990 after an extra-marital affair, has been awarded a legacy of $1.75 million from Hemmes’ deceased estate earlier this month by the Supreme Court of NSW. In 1995, the Family Court of Australia declared that Hemmes was Cameron’s father after a […]
Valid Wills and Property Distribution
A valid Will provides assurance that your property will be distributed in accordance with your wishes once you have died. While there is always the possibility that a Will may be contested, it is far less likely that any claimants will succeed if your Will is properly drafted and executed. Generally, for a Will made […]
