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The importance of estate planning before capacity becomes an issue
We should all plan for our future. Certainly, we should all have a current will, and many of us would also benefit from making formal arrangements to account for the possibility of being unable to make our own decisions. We are often asked by clients how to apply for...
First Home Buyer Assistance (NSW)
Buyers in New South Wales (NSW) often struggle to purchase their first homes, hardly surprising given that the average property price in the state is now over a million dollars. To help first home buyers into the property market, the NSW Government has offered various...
Transferring Property Between Family Members – Key Considerations
Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the...
What are Letters of Administration NSW?
When someone dies without a Will they are said to die ‘intestate’ and the law determines who will inherit the deceased person’s estate. Usually, an application for letters of administration in New South Wales will be made with the Supreme Court before the estate can...
Stamp Duty: Transferring an Investment Property into an SMSF Without Paying Stamp Duty
Individuals often invest in property as part of their retirement planning, and pay stamp duty at the time of purchase. Subsequently, they establish an SMSF and wish to transfer the property from their personal names to their SMSF for tax reasons. This can be done in...
Buying Off the Plan – Benefits, Risks, and Key Terms
Buying off the plan means buying a property that has yet to be built or is still under construction. Your decision is based on the building plans and designs, rather than the completed structure. This article provides a concise summary on the key points and...
What to look out for when negotiating a lease?
In negotiating a lease agreement, lots of terms are hidden in the fine print which significantly affect your rights and obligations so you must read the proposed agreement carefully. Not sure what’s important? Here are some key points to look out for: Key Terms of the...
What is Enduring Guardianship in NSW?
Many people underestimate the importance of appointing an enduring guardian. What is enduring guardianship in NSW? An enduring guardian can make certain lifestyle, health and medical decisions on your behalf if you are incapacitated and cannot make those decisions...
What Does a Sydney Estate Planning Lawyer Do?
Estate planning is an important process used to protect your legacy, ensure the execution of your wishes after you die, and help provide clarity for your family during times of uncertainty. As such, an estate plan typically involves more than signing a Will and...
Can Enduring Power of Attorney Change a Will?
Can an Enduring Power of Attorney change a Will? No, a Power of Attorney or Enduring Power of Attorney does not change the provisions of a Will. A general Power of Attorney will cease to have effect if the person making the appointment loses capacity, and both general...