A recent case involving a woman wishing to overturn a prenuptial agreement may mean big changes for how such agreements are handled in Australian law. Previously, a pre-nuptial agreement (or binding financial agreement, as they are known in Australia) were a good way to keep your assets safe in the event of a marriage breakdown.
Divorce and depression often go hand in hand.
It is no secret that divorce can be a difficult time, especially since most people marry believing that they’ll never up getting divorced. Sometimes, only one person wants to divorce and this comes as a shock to the other person. Men and women also experience divorce differently, and many will deal with the news individually.
Are you relying on an inheritance to buy your first home?
A recent survey has found that people relying on and using an inheritance to buy their first homes has increased. As the property market continues to increase, making buying a home unaffordable for younger generations, it’s unsurprising that young people are waiting for a parent to pass away before buying their first home. In the survey, around 26% of people aged 16-35 (Generation Y) said they are relying on their parent’s assets. This is a big increase on previous generations: Generation X was 16% and for the Baby Boomers it was only 8%.
Making a will is assumed by many to be a simple process, however, it is very important that you ensure your will is valid. The law surrounding wills is complex, and unless you know exactly what’s required, you may be making a will that is invalid.
To be valid, it has to fulfil legal requirements and effectively address all aspects of your property and assets. A will contains information regarding how your estate will be distributed once you pass away, who will look after any minor children, your wishes for your funeral and other final wishes you may have. If your will is deemed invalid, your wishes may not be followed.
For many people, working during divorce provides a welcome distraction; something to focus on other than the divorce. For other people, working during divorce becomes a necessity due to financial circumstances.
Focusing on your work while you have a hundred other things on your mind may also impact how you act at work. If the divorce was not your choice, you may be dealing with guilt, shame and grief. The process may be stressful and difficult, and it can be hard to separate your personal life while you’re working during divorce. You may even find that court dates require you to take time off work or your mind may just simply be on everything else but your job.
How hard is it to sell an older home?
Today we hear about showcase homes, brand new homes or project homes as being the most desirable. But this is not the reality for most people. First home buyers, young families and even older people are looking to buy an older home for reasons for affordability and taste. Investors may also be looking for an older home to renovate or to rent out. So if you are the owner of an older home and you want to sell, don’t despair. It’s all about how you approach the sale to make your older home look as beautiful as possible.
The Queensland Supreme Court has recently made a decision on what constitutes a valid will, deeming an unsent text message evidence of a valid will.
The court has accepted a dead man’s unsent, draft text message leaving his possessions to his brother and nephew instead of his wife and son, as an official will.
How does family violence affect children, both as witnesses and as victims?
A new public information campaign is needed to raise awareness of domestic abuse, a major new report will say this week. According to its authors, publicity modelled on past public health campaigns would raise the profile of the issue and make perpetrators think twice before abusing partners.
As the Australian population ages, the incidence of dementia and memory loss in elderly people is increasing. However, estate planning for this scenario is very important. Estate planning should include amending current legal documents, creating plans for your property, discussing health care and potentially naming a Power of Attorney.
Buying a property is an exciting prospect, but it can also be frustrating when you’re faced with conveyancing delays.