Protect family loans from third-party claims
Pass on your wealth Protect a family loan from third parties Provide money to your kids, without losing it if they get divorced. You have worked hard to build your wealth and now you want to help your children take their next step – a home, a business, a better start in life. The concern […]
Estate Planning: The Importance of Estate Planning
Join our Andreyev Lawyers team as we answer your FAQs about the importance of Estate Planning. If you want to read a written version of these FAQs, click here. To watch the rest of our Estate Planning series: Wills Challenges to a Will Financial Decision Making and Medical & Lifestyle Decision Making Estate Administration Superannuation […]
Loan arrangements between family members and why evidence of intention is so important
People can be unpleasantly surprised when loan arrangements between family members, particularly between parent and child, are not enforceable at law. If you are lending money to your children (and who isn’t in this property market), there are no shortcuts, and you must be prepared to document, document, document… In the realm of financial transactions, […]
’Equity Loans’, a loan with upside
More than ever, young people are relying on the ‘bank of Mum and Dad’ to get a leg-up. Whether it’s to break into the property market or utilise some initial capital to get their new business off the ground, we are seeing more and more of our clients give (and receive!) loans from their parents.
A question we get asked often by the ‘lender’ in this scenario is whether it is possible for a loan to be advanced without the lender receiving periodic interest repayments, and instead get a share of the ‘upside’ (gain) when the financed asset is sold.
Solution Brief: Powers of Attorney (VIC)
The most under-rated legal document of all time Try changing your phone company when your spouse is in a coma – or even getting a current balance on your electricity bill. If your spouse’s name is on the title to the property, and you do not have an Enduring Power of Attorney – your first […]
Solution Brief: Appointment of Medical Treatment Decision Maker (VIC)
Who will make decisions about your health and welfare when you can’t? An Appointment of Medical Treatment Decision Maker is a legal document that enables you to appoint someone to make medical and lifestyle decisions on your behalf when you are unable to. Your Medical Treatment Decision Maker can make decisions as to what health […]
Solution Brief: Reviewing your Estate Planning
Your estate planning documents are the key to ensuring your estate is managed smoothly and in accordance with your wishes. This covers the time from when you may lose your mental capacity, to after your death when your estate passes to the people you have selected to benefit from all your hard work. We are […]
Solution Brief: Choosing your Executors and Trustees
This Solution Brief discusses the key considerations for choosing the Executors and Trustees for your Will. Your Executors are the people who will take care of your wealth after you have died. Their tasks include locating your Will, finding out what assets and liabilities you have, obtaining ‘Probate’ of your Will, and then carrying out […]
Solution Brief: Why you need to think about Estate Planning
Your Estate Planning is not something to be taken lightly. Take a few minutes out to ask yourself the following important questions: Do you want to choose who benefits from your wealth, and when? Do you want to protect the wealth you give your children from unjust claims? Do you want to make sure your […]
Solution Brief: Four Key Things to Consider Before You Start Your Estate Planning
Estate planning basically involves working out what you have, deciding where you would like it to go, and then choosing people to make that happen.