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When a purchaser named in a contract wants to nominate an additional purchaser or a full substitute to complete a property purchase in Victoria, most people assume it’s a simple paperwork exercise: sign a Nomination Form, hand over the contract, done. In many cases that’s true. However, under the Duties Act 2000 (Vic), a nomination […]
When you buy off the plan, you’re purchasing a property based on a subdivision plan that hasn’t been registered. Essentially, you’re buying a property that doesn’t exist yet—it’s just a ‘plan.’ The property can be vacant land, a unit, apartment or townhouse that has not yet been built or completed. It is based on the plans
Buying Property Off the Plan: What You Need to Know Read More »
Estate probate and administration can be a complex and contentious process, often giving rise to a variety of disputes. These disputes can occur both before and during the administration of an estate and may involve challenges to the Will, claims against the estate, and new or existing claims against the deceased person for matters arising
The Common Disputes in Deceased Estates Read More »
When administering a deceased estate, various types of trusts may need to be established to manage and protect assets for beneficiaries. The Legal Personal Representative (LPR) is typically responsible for setting up these trusts correctly and may also need to oversee their administration over time. This article explores the different types of trusts that may
Trusts in Estates: What Are They? Read More »
What is a Grant of Representation? A Grant of Representation is a legal document from the Probate Office of the Supreme Court that authorises an Executor or Administrator (known as the Legal Personal Representative or ‘LPR’) to handle the deceased person’s assets. Since July 2020, these grants are issued electronically. There are several types of
Grants of Representation: Probate, Letters of Administration and Others Read More »
When a person passes away, their estate will need to be distributed to the people named in their Will, or if there is no Will, in accordance with the rules of intestacy. A Grant of Representation is a legal document from the Probate Office of the Supreme Court that authorises an Executor or Administrator (both
Grants of Representation: What they are and how to get one Read More »
What is a deceased estate? A “deceased estate” refers to all the assets and liabilities left behind by a person when they pass away. Assets of the estate can include real estate or bank accounts not held jointly, vehicles, shares, personal belongings, pets, unpaid employment entitlements, life insurance policy rights, contractual rights, intellectual property and
Deceased Estate Administration: Key Considerations and Steps Read More »
As interest rates and the cost of living continue to rise, it’s becoming increasingly common for parents to step in to provide financial assistance to their children. Before you decide to help out, there are several key questions for you to ponder: Is there any expectation for repayment? Should the repayment occur during your lifetime
Gifts vs Loans: a thoughtful approach to protect your family’s financial future Read More »
With many people going away on holidays or settling in for a relaxing Christmas period, there tends to be a mass slowdown in house buying activity at the end of December and throughout January. So, if you’re using the Christmas holidays to try to search for your first or next home, then there could be
5 Top Tips for Holiday House Hunting Read More »
A Will doesn’t necessarily determine the final distribution of an estate. If someone feels they haven’t been adequately provided for, they may be eligible to make an application to the Court for a share or a larger share of a deceased person’s estate. These claims are generally known as Part IV claims, Testators Family Maintenance
Understanding Part IV claims against deceased estates Read More »
