Whether your inheritance will be counted in the divorce assets to be split depends on each case. There is no "one rule for all cases". Where the inheritance has already been received these are some relevant factors taken into account in a divorce case: Time...
Before the year 2000 you could not enforce Prenups or Financial Agreements made outside court – you simply couldn’t contract out of the Family Law Act entitlements. These days Binding Financial Agreements including Prenups are made all the time, and provided that they are prepared and executed...
You are not a bank but you decide to lend someone money...
Recently changes were made to the law regarding identification requirements for entering into land transactions. These changes were designed to prevent fraud on titles and other financial transactions. This is especially important now that conveyancing can be done electronically. "Verification of Identity" is now required for...
Redraw facilities benefits A home loan with redraw facilities is a popular choice for many home buyers. It allows you to make extra repayments and gives you the option of withdrawing those extra repayments at a later date if you need the funds. Usually redraw facilities are...
A binding financial agreement or prenup as the casual term, is an written agreement between two parties setting out the assets, liabilities, property and other financial information of how it will be divided should there be a relationship breakdown. Binding financial agreements can be made before,...
