When appointing a Power of Attorney, you may think “what next?”. Who do I need to inform about my appointment of a Power of Attorney? Do I need to register my Power of Attorney? When appointing a Power Attorney, it is important that you inform the person who you have nominated as you...

Overview  An exordium clause - sometimes called the introductory clause or preamble - is the opening paragraph of a legal instrument that identifies the document, the parties, and the instrument’s foundational context. It can appear in deeds, wills, trusts, contracts, c...

It’s not unusual for parents to want to help their children financially, perhaps to buy their first home, start a business, or get through a tough patch. Often this help comes in the form of an interest-free loan or even a handshake agreement. You can give an interest-free loan — but...

In cases where someone passes away without leaving a will, also known as dying intestate, in NSW the surviving spouse is entitled to what is referred to as a spousal legacy or more commonly known as the statutory legacy. This legacy is calculated and adjusted to reflect the cost of living over ti...

Helping family members financially, whether it is with a first home payment, school finance, or medical bills, is common in Australia. The distinction has actual legal, tax, and financial ramifications and goes beyond simple family generosity. Knowing the difference between a gift and a loan can ...