Such a trust is created by a will. It takes effect when the trust creator (the settler) dies. Other trusts, such as discretionary or unit trusts, are created by a deed and come into effect as soon as the settler executes the deed and settles property upon the trust. In all cases the settler must …
Is There any Advantage in Creating a Testamentary Trust? Read More »
More Red Tape has been put in place by the Office of State Revenue as from 21st June, 2016 in respect of Residential Land purchases. Identifying transfers to foreign nationals so as governments may impose additional Duties and Taxes on foreigners is the reason for the new rules. Foreign nationals will have to pay 4% …
A state wide campaign highlighting the key benefits that will be lost under the NSW Government’s proposed changes to CTP Green Slip Insurance has been launched by the Law Society of NSW. “CTP Changes Adding Insult to Injury” aims to increase public understanding of the key benefits currently covered by their CTP Green Slip insurance. …
Upon being made a Bankrupt, your house maybe sold, your bank account (if it has credit funds) belongs to your Trustee in Bankruptcy, your business may be sold by the Trustee, your shares in companies go the Trustee, any tools of trade above $3700 goes to the Trustee and any other assets go the Trustee …
Everyone has experienced at some time nuisance noise coming from a neighbour’s property. What to do? It depends on the type and frequency of the noise. The Protection of the Environment Operations Act (POE) sets out in considerable detail regulations which apply to all sorts of domestic appliances and machinery, internal and external. It deals …
