A bare trust, also known as a simple trust, is a straightforward form of trust where the trustee holds the assets on behalf of the beneficiary until the beneficiary is entitled to receive them. This type of trust is commonly used in estate planning and administration...
We are proud and very excited to confirm that Elizabeth Palumbo from Kelly and Chapman’s Property Department has now conducted the firm’s first electronic conveyancing settlement using the “PEXA” platform. PEXA represents a leap forward in conveyancing offering our...
Key pointsNew requirements for contracts of sale of real estate worth $2M or more entered into from 1 July 2016.All purchasers of such real estate must withhold 10 percent of the purchase price unless they are given a clearance certificate by the vendor.Vendors of...
