Dangerous Trusts

Work has been a bit quiet, so you are pleased to receive a sales advice that your client, Percy, has agreed to buy an investment property for $2.5 million. Shortly afterwards, you receive a telephone call from Percy’s accountant, Penelope, who tells you that...

Out of here in a box

“I’ll leave this place in a box” is a common phrase made by people who have worked hard for and are proud of their home or farm. Many people never want to leave a familiar environment for aged care facilities, but when they are no longer able to care...

What happens when your circumstances change?

What happens when your circumstances change? If a loved one suddenly becomes ill and loses capacity, what becomes of their affairs? What is the outcome if they do not have their affairs in order?  What is a power of attorney? A power of attorney is a legal...

Separation woes

You are acting for Clive in relation to the breakdown of his marriage with Alice. Clive is a cosmetic dentist and has done very well financially. Alice has also been very successful running her interior design business. The breakup has not been harmonious....

Conditional Contracts and CGT

In 2013, your farming clients Thomas and Olivia entered into a conditional contract to sell their farming property just outside of Queanbeyan to a development company for $5.5m (“Contract”). They acquired the property in 1999 for $1m and were very happy with...