TESTAMENTARY TRUST – WHAT IS IT AND DO I NEED ONE?
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TESTAMENTARY TRUST – WHAT IS IT AND DO I NEED ONE?

A Testamentary Trust is essentially a trust that comes into effect upon the death of the testator (will-maker) and can be a useful estate planning arrangement in situations where extra flexibility is needed when the estate is disbursed to beneficiaries, such as circumstances where the beneficiaries are employed in high risk occupations (where their personal...

SHOULD I HAVE AN ENDURING POWER OF ATTORNEY?
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SHOULD I HAVE AN ENDURING POWER OF ATTORNEY?

While we have reiterated the importance of having a current Will in many previous articles, (click here to read more), the importance of having a current Enduring Power of Attorney is just as important as having your Will in place. While a Will provides instructions for your executors in relation to the distribution of your...

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....

SO IT IS CHRISTMAS
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SO IT IS CHRISTMAS

Its December again, and the team at Affinity Lawyers are ramping up and ready to assist our wonderful clients with their legal needs all throughout the upcoming Christmas/New Year break. Our Runaway Bay office will be open for your convenience throughout the Christmas/New Year break (except for public holidays) to assist you if required, so...

THE PITFALLS OF INTESTACY – WHAT HAPPENS IF I DIE WITHOUT A WILL
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THE PITFALLS OF INTESTACY – WHAT HAPPENS IF I DIE WITHOUT A WILL

Affinity Lawyers experienced Wills & Estate Lawyers have written many articles on the importance of having a current Will, however we are still finding many people don’t properly understand the pitfalls and ramifications that can occur if they were to die without a Will. What happens if I die without a Will? Essentially, if you...