What is a granny flat interest?

A granny flat interest is where an individual (usually a parent) acquired an interest to live in a property (usually belonging to their child) for the duration of their life. Granny flat arrangements…

SMSF

Can an executor of an estate claim commission?

An executor acting on behalf of an estate is not automatically entitled to receive commission for their work during administration of the estate. However, the Supreme Court may award executor’s…

Who is a parent?

It is important to know who is legally considered the parent of your child, as this determines who has parental responsibility and who can make major long-term decisions for the child. If you are…

I don’t want to be an executor. What can I do?

A person can renounce their role as an executor so long as they have not intermeddled with the estate, including taking actions such as, contacting asset holders, paying estate debts and generally…

Cryptocurrency in Family Law Property Settlements

When parties separate in Australia, the Family Law Act requires a fair division of joint assets. Cryptocurrency is a digital asset that enables parties to move currency without a financial…

What is an Anti-Money Laundering and Counter-Terrorism Financing Programme?

At present, Australian reporting entities who provide designated services must have an Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) programme contained as a written document of…

Who do you trust to look after your money?

If you were suddenly in a condition where you were unable to make decisions for yourself, who would you trust to manage your finances and sign legal documents on your behalf? A Power of Attorney is…

How Addbacks Can Affect Your Separation

While most family law disputes centre around how the parties contributed during the relationship, and what adjustments should be made to a party depending on their current circumstances, there are…