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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 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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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 IS A TESTAMENTARY TRUST?

WHAT IS A TESTAMENTARY TRUST? Mon, 1 Apr 19
Considered and strategic estate planning is a crucial part of any successful wealth protection strategy, and Affinity Lawyers have an experienced and professional wills and estate team in place to provide you with legal advice tailored to your individual circumstances. Our Wills & Estate lawyers, based on the Gold Coast, can prepare a premium Affinity Lawyer Will or an Affinity Lawyers Wealth Protection Will (a testamentary Trust Will) for you, depending on your needs.

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FAMILY PROVISION APPLICATIONS - WHO IS A 'CHILD'?

FAMILY PROVISION APPLICATIONS - WHO IS A 'CHILD'? Fri, 8 Feb 19
Following on from our previous articles highlighting the importance of having a current Will and up-to-date estate planning in place, a query that can crop up when providing clients with advice in relation to making a Will is how they can reduce the possibility of a claim being made on an estate after they have passed. The typical nuclear family (dad, mum and two kids) is no longer the most common family structure in Australia, and instead we have a diverse range of family combinations including couples with no children, couples with only one child, same-sex couples with no children, same-sex couples with one or more children who are the natural or adopted child of one of the couple, adopted children, step-children, grandparent-led families, blended families and the list goes on. It goes without saying that the general form and content of Wills have also needed to be changed to keep up with these changing family ideals and a deeper and more thorough contemplation of estate planning outcomes needs to be considered by both client and lawyer.

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NEW YEAR, A FRESH START FOR YOUR ESTATE PLANNING

NEW YEAR, A FRESH START FOR YOUR ESTATE PLANNING Fri, 11 Jan 19
At Affinity Lawyers, we like to take the start of a fresh new year to remind you that its a great time to take stock of your circumstances, and get some of those pesky tasks that you never seem to have time to do – done. For many tasks, including getting an up-to-date will drafted, completing it at the start of the new year allows you to easily remember the date it was completed, and serves as a perfect way for you to remember to review it as it was done on an easily remembered date/occasion.

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PPSR CHARGES - ARE YOURS ABOUT TO EXPIRE?

PPSR CHARGES - ARE YOURS ABOUT TO EXPIRE? Tue, 11 Dec 18
Personal property is considered to be any form of property other than land, buildings or fixtures which form a part of that land. This can include cars, boats, caravans, art, machinery and crops as well as intangibles such as intellectual property and contract rights. The Personal Property Securities Register (PPSR took over from the REVS (Register of Encumbered Vehicles) Queensland and Bills of Sale Register in 2012. The purpose of the register is to determine the priority for secured creditors in the event that a debtor defaults or goes into liquidation.

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IT'S BEGINNING TO LOOK A LOT LIKE CHRISTMAS

IT'S BEGINNING TO LOOK A LOT LIKE CHRISTMAS Tue, 11 Dec 18
It is that time of the year again when people are starting to relax, and are getting ready to enjoy the Christmas/New Year break after the busy working year and start looking forward to 2019. Therefore, we would like to extend to you some carefully drafted Christmas wishes, with an abundance of lawyer humour: Please accept with no obligation, implied or implicit, our best wishes for an environmentally conscious, socially responsible, low stress, non-addictive, gender neutral, celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasions and/or traditions of others, or their choice not to practice religious or secular traditions at all . . . and a fiscally successful, personally fulfilling, and medically uncomplicated recognition of the onset of the generally accepted calendar year 2019, and without regard to the race, creed, colour, age, physical ability, religious faith, choice of computer platform, or sexual preference of the wishee. (www.urbandictionary.com)

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MUSIC FESTIVALS - DO I GET A REFUND IF THE FESTIVAL IS CANCELLED?

MUSIC FESTIVALS - DO I GET A REFUND IF THE FESTIVAL IS CANCELLED? Thu, 9 Nov 17
We are fast approaching the warmer months here in Australia, and music festivals and outdoor events are always a popular choice for many during this time of the year. However, what happens if the festival you have purchased tickets for is cancelled due tounforeseen circumstances? When purchasing a ticket for a festival, you are entering into a contract with the ticket provider (‘provider’), and your ticket is issued subject to certain terms and conditions of the contract. These are usually given to you prior tofinalising the agreement to purchase the tickets, and are often printed on the back of the physical ticket, once issued.

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