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MIRROR WILLS & MUTUAL WILLS - WHAT IS THE DIFFERENCE?

MIRROR WILLS & MUTUAL WILLS - WHAT IS THE DIFFERENCE? Thu, 25 Jul 19
Many people are proactive when it comes to their estate planning matters, and make sure that they have a current and valid will which documents their intentions upon their passing. Couples who are in a relationship and who have children often choose to have their wills drafted to leave everything to each other, and if they do not survive each other, then to their children. This is generally termed a mirror will. Essentially what this means is that the survivor of them receives everything if one person dies, and then when the second person dies the children will share equally whatever is left of the parent’s estate.

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THE PROPERTY SETTLEMENT PROCESS IN AUSTRALIA

THE PROPERTY SETTLEMENT PROCESS IN AUSTRALIA Thu, 25 Jul 19
At Affinity Family Lawyers, we are all too aware that separation from a husband/wife or long term de facto partner can be one of the most stressful and traumatic events in a person’s life. It can also be one of the most confusing times in a person’s life, especially if the only experience someone has had of the family law system and the process is by hearing their friends or family talk about their own experiences, which are more than likely tainted with that persons own misgivings, and opinions on the system, and which may or may not even apply to you, your matter or your particular circumstances.

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WINNING LOTTO...AND THEN HAVING TO SHARE IT WITH YOUR EX-SPOUSE

WINNING LOTTO...AND THEN HAVING TO SHARE IT WITH YOUR EX-SPOUSE Thu, 25 Jul 19
A recent American case has made headlines with a Court determining that a mans $30 million lottery win was to be split, and $15 million was to be paid to his ex-wife, despite the parties having been separated for over two years prior to his win. Although they had been separated for over two years, they were in the middle of divorce proceedings when Mr Zelaskos winning numbers came up, and as a result the Court considered that the ticket was purchased with marital money, was a joint investment and thus, the windfall was marital property.

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THE END OF PAPER CERTIFICATES OF TITLE

THE END OF PAPER CERTIFICATES OF TITLE Thu, 20 Jun 19
The paper certificate of title is the latest casualty in the slow shift towards become a paperless society thanks to the passing of the Land, explosives and Other Legislation Amendment Act 2019 last month. While this will likely be a positive change for those who deal with conveyancing matters regularly, it is a move that is likely to unsettle some of the older members of society, and during its settling in period, is likely to cause some confusion.

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THE IMPORTANCE OF A CURRENT WILL

THE IMPORTANCE OF A CURRENT WILL Thu, 20 Jun 19
A recent decision of the Supreme Court of Queensland has highlighted the importance of firstly, having a valid will, and secondly, understanding the correct way to have your will updated if you change your mind about the contents of your will, including changes to any beneficiaries.

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INJUNCTIONS

INJUNCTIONS Mon, 13 May 19
An injunction can be described as a court order by which one party is required to perform, or is restrained from performing, a particular act. An example is a breach of confidential information from an employer, such as a client list that is being used by a former employee to build a business in competition with the former employer. If this has occurred the employer may have a right to obtain an injunction against the former employee pending a final hearing of the dispute. Seeking and obtaining an urgent injunction can be an important step in protecting your business from loss of profits due to an unlawful act.

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AFFINITY LAWYERS RELOCATION

AFFINITY LAWYERS RELOCATION Mon, 13 May 19
We are pleased to announce that Affinity Lawyers have relocated our office, a short distance, to larger premises, being Suite 8/465 Oxley Drive, Runaway Bay Gold Coast. The paramount consideration in the relocation decision, was the ability to remain up on the Northern Gold Coast, thereby enabling convenience and exceptional service levels, while continuing our expansion to meet the needs and expectations of our clients.

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INTERNATIONAL WILLS

INTERNATIONAL WILLS Mon, 13 May 19
As we become an increasingly globalised society, it is becoming more common for Estates to include foreign assets. If you have assets located overseas, whether it be real property (like a house or land) or personal property (such as bank accounts, vehicles, boats and household items), advice should be sought and careful consideration given to your foreign assets during the estate planning process in order to avoid unforeseen issues arising.

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WHAT DO YOU NEED TO KNOW ABOUT COMMERCIAL LEASES AND RETAIL SHOP LEASES?

WHAT DO YOU NEED TO KNOW ABOUT COMMERCIAL LEASES AND RETAIL SHOP LEASES? Mon, 1 Apr 19
We have many clients based on the Gold Coast and State-wide who are expanding into or starting a commercial enterprise and although it’s an exciting time when you are starting a business and seeking commercial premises, or when you purchase commercial premises and are looking for your first retail tenant, there are some important things to be aware of in relation to Commercial Leases and Retail Shop Leases in Queensland. It is most certainly not the case that a Commercial Lease or Retail Shop Lease is one size fits all, and it is vitally important that the document that you sign contains all of the clauses that you need, and that those clauses which are overly onerous, or do not apply are removed.

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SEPARATION, PROPERTY SETTLEMENT AND DIVORCE – WHAT THESE TERMS REALLY MEAN

SEPARATION, PROPERTY SETTLEMENT AND DIVORCE – WHAT THESE TERMS REALLY MEAN Mon, 1 Apr 19
The family law solicitors based in our Gold Coast office have noticed lately that the terms separation, property settlement and divorce are often used in the incorrect circumstances, especially when someone going through a separation is chatting to family and friends, and the incorrect use of these terms can lead to confusion. To clear up any confusion, we thought we would go over these terms, and explain a little bit more about them in easy to understand language, so if you are going through a separation, you know the general steps involved and what happens at each step along the way.

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