A lot can happen in a few months and the legal landscape has changed as well for this type of case. For a long time the rule in Rice and Asplund applied. That is, the Court must first find a significant change in circumstances.The new section 65DAAA of the Family Law...
If I die first my joint tenancy asset goes the survivor. This is my spouse. Or if my spouse dies first I get my spouse’s interest in the joint tenancy asset.But what if we both die at the same time? For example, in a car accident or from an aeroplane crash. And...
The last 3 decades have seen a substantial growth in the number of people in Australia establishing a family/discretionary trust. The benefits of such an arrangement have been largely touted by professionals around 2 areas – asset protection and tax benefits.The issue...
Family (also often called discretionary ) trusts have been protecting assets, policing family benefit sharing, simplifying inheritance and spreading family income and the tax that goes with it.On average, many of those trusts can theoretically benefit...
Divorce is the legal end of a marriage (dissolution of marriage). Australia has ‘no fault’ divorce. This means that when granting a divorce, the Court does not consider the reason/s the marriage ended. Neither spouse needs to prove that the other did (or did not) do...
