What is a Power of Attorney

A Power of Attorney is a legal document which gives authority to another person (known as the attorney) to make certain financial decisions and sign certain documents on behalf of the donor.

Powers of attorney can grant extremely wide and discretionary powers to the attorney.

Parenting Orders

You may be asking the question……How to Apply for a Parenting Order after I have separated?

You may also be asking ……. What Happens with the Children When you Separate?

Should I Update My Will

Your Will expresses your wishes at a particular point in time, however your personal situation changes on a regular basis.
Day to day events occur that have the effect of revoking all or part of your Will.  Generally these events do not trigger the fact that our Estates and therefore our Will, needs to reflect the relevant change.

Cooling off periods – What is it? What could go wrong?

The cooling off period is a period of 5 Business Days after you receive a fully executed contract to purchase a property.  During the cooling off period, the purchaser has the option to re-think the purchase and consider their ability to finance the property. If you change your mind within this timeframe, you can elect to terminate the contract at your absolute discretion. While a cooling off period has some obvious benefits, there are some things that purchasers need to be aware of.

Interim And Final Orders In The Federal Circuit Court

If you do have a matter that ends up in the Federal Circuit Court or Family Court, you will have to specify the Orders you would like the Court to make before you get there. You cannot simply
go to Court and ask the Court to “fix” things for you. You have to tell the Court what it is that you want it to do and the orders you want it to make.

Commercial Lease – Must Do

ESSENTIALS IN A COMMERCIAL LEASE

  1. Property address
    The address of the premises needs to be clearly described. Whilst an obvious point, time can be wasted clarifying a property’s legal description where a Lease is to be registered and/or where a lender is involved.

What Is Conveyancing

Conveyancing is the process of transferring a property from one individual or entity to another whether you buy or sell property. For many of us, property is the most valuable asset we will ever own, so whether you are buying your first home or expanding to a larger family residence, buying and selling property can be an overwhelming experience. A solicitor or Conveyancer can assist you to ensure your financial transaction goes smoothly and ensure your legal rights under the Contract are protected.

Superannuation Split

Oftentimes, an agreement for the division of property between spouses also involves the division of superannuation. This is because the significant assets in a marriage or a relationship are typically real property and superannuation.

The Trustee of the Superannuation Fund has certain requirements as does the Family Court when attempting to affect such a split.

An effective split can be achieved via a Binding Financial Agreement, Consent or Court Orders.
If your superannuation is to be split, a valuation should be obtained through your superfund, whether it is Q Super, Macquarie, SunSuper or an Industry Super Fund. Most superfunds charge a fee for this information.

Along with providing a fee if required, you or your spouse (including a de-facto spouse) are required to lodge an SIF Form 6 to the Superfund which A.L.F Lawyers can assist with.

Most people are not aware that your spouse is entitled to request information on your superannuation without your knowledge or consent. However, both parties have a duty to disclose this information as superannuation is considered a potential matrimonial asset.

A.L.F. Lawyers understands the process involved and will assist in the preparation of any documentation involved.

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How Does A Property Auction Work

Buying at auction can be an exciting process. However, it is not one that should be taken lightly. Auction contracts are generally unconditional contracts. Which means, that once you sign on the dotted line, you are legally obligated to purchase the property.