Ben Franklin claimed that: In this world nothing can be said to be certain, except death and taxes. Transfer Duty in Deceased Estates While Australia doesn’t currently impose death taxes, the gifting of real estate in a person’s will can trigger Transfer Duty (formerly known as Stamp Duty, and yes, not technically a tax), payable […]
Losing a loved one is a difficult time for everyone. The person appointed in the Will as the Executor carries the additional burden of making sure that the estate is properly administered. This person may be a family member, friend, or trusted professional of the deceased, such as an accountant or lawyer. Entitlement to […]
As NSW embraces more and more freedoms and looks to the future following the COVID-19 pandemic, the NSW Government has just announced that one useful response to the pandemic is here to stay. In response to the lockdowns imposed over the last 18 months, the NSW Government implemented a remote witnessing scheme, allowing for […]
Whether it’s the plot of a Hollywood movie or a threat to the children to keep them in line, the idea of leaving all of a person’s estate to their pet when they die seems to surface from time to time. Unfortunately for all of the pets out there that were hoping to match the […]
A Power of Attorney can be created by someone (“the principal”) to appoint a desired person or people to make financial and property decisions for the principal in circumstances including where they lose the ability to make their own decisions. There is a prescribed version of a Power of Attorney which contains prescribed phrases with […]
While if you need assistance in a criminal lawyers matter, you can still contact Baker Love Lawyers, this article instead discusses the rights and obligations of an executor when a willmaker has passed away. The Role of the Executor When a person prepares a last will and testament the willmaker shall appoint an executor. […]
Did you know that there are time limits for property settlement after you separate or divorce? One of the first questions you will be asked by your family lawyer is ‘when did you separate’? This is for good reason. Time limits do apply to family lawyers proceedings for property settlement. These time limits differ depending […]
Having a will in place is the best way to try and make sure that a person’s wishes are honoured when they pass away, and to make the process easier on those left behind who are dealing with grief. For a person to prepare a will they need the capacity to understand the nature of […]
What’s in a name? Quite a bit if it saves you tax when selling a business. In any matter in our lives, it is hard to deny that the potential to avoid paying tax is usually pretty desirable. GST on a business purchase For a person looking to purchase a business, the purchaser may avoid […]
When thinking of purchasing property, it is important to do your homework before entering into a contract. This will usually include detailed reports from pest and building inspectors, and reviewing information about the zoning of the property. These planning certificates issued by local councils are required by law to be included a contract for the […]