WHAT IS SPOUSAL MAINTENANCE?
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WHAT IS SPOUSAL MAINTENANCE?

Where parties separate and one party to the marriage/de facto relationship is unable to adequately support themselves, then the other party may be required to pay spousal maintenance. A person has a responsibility, under the provisions of the Family Law Act to assist their former spouse or partner financially in circumstances where that person’s income...

BFA’s – HOW DO I PROTECT MY ASSETS FROM MY PARTNER? DO I NEED A BINDING FINANCIAL AGREEMENT?
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BFA’s – HOW DO I PROTECT MY ASSETS FROM MY PARTNER? DO I NEED A BINDING FINANCIAL AGREEMENT?

A BFA or Binding Financial Agreements, commonly referred to as “pre-nuptial agreements” or “pre-nups” are becoming increasingly popular globally as couples look to put in place safeguards and individual asset protection strategies to protect their financial position as they enter into a new relationship. BFA’s are no longer reserved solely for celebrities and multi-millionaires looking...

AGED CARE PART 2 – RETIREMENT VILLAGE, AGED CARE OR NURSING HOME – WHAT HAPPENS WHEN YOUR PARENTS OR LOVED ONES GET OLDER
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AGED CARE PART 2 – RETIREMENT VILLAGE, AGED CARE OR NURSING HOME – WHAT HAPPENS WHEN YOUR PARENTS OR LOVED ONES GET OLDER

We hope that you found last month’s article regarding Retirement Villages valuable and informative, (click here to read it if you missed it) and this article will follow on from that article with a focus on aged care facilities / nursing homes to enable our readers to gain a greater understanding of the options available...

WHAT IS A RELEASE OF MORTGAGE AND WHY DO I NEED ONE?
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WHAT IS A RELEASE OF MORTGAGE AND WHY DO I NEED ONE?

If you own real property and borrowed money from a bank or financial institution to use towards the purchase, then it is more than likely that the lender will register a mortgage over the property to protect its interests, and without knowing it, you may need a Release of Mortgage. In simple terms, the registration...

IS IT A LOAN OR A GIFT? PARENTS PROVIDING FUNDS TO CHILDREN
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IS IT A LOAN OR A GIFT? PARENTS PROVIDING FUNDS TO CHILDREN

As the cost of living increases and it becomes harder for young people to get a foot into the property market, it is becoming quite common for parents to provide funds to their adult children to either assist them with purchasing property, or for various other expenses ranging from medical expenses, weddings or even holidays....