Most people are familiar with a Power of Attorney. It is a legal document that gives your attorney the legal authority to act on your behalf and look after your affairs, including financial affairs, in the event that you are unable to do so. However, what most people don’t realise is that a Power […]
If you or someone close to you dies without leaving a will then their wishes cannot be known or followed. In this case the legislation, specifically Chapter 4 of the Succession Act 2006 NSW, sets out how the estate is to be divided. The legislation creates two classes of beneficiaries for the deceased person: 1. […]
How will those who use their properties to provide short term rental accommodation, and their neighbours, be affected by looming changes to planning laws and the plans of Newcastle City Council? With the rise in the number of new apartment buildings and other residences in Newcastle; increases in high volume tourism events such as the […]
In today’s society the protection of a Company’s intellectual property is becoming more important by the day as companies strive for a competitive advantage in a crowded marketplace. Intellectual property can be a bit of a buzz word however and many people do not understand what intellectual property is and how it can be protected […]
You should revisit your Will regularly to make sure that it gives effect to your wishes which is vital to ensure your estate is distributed in the way you want it to be. Circumstances which may lead you to change your Will include: • Your financial circumstances change; • If you marry, start a new […]
A binding death benefit nomination is a notice given by a superannuation fund member to the Trustee of their superannuation fund requiring death benefits to be paid to the member’s nominated dependant(s) and/or legal personal representative. Without a binding death benefit nomination in place, the superannuation fund trustee will, for better or worse, determine which […]
