Frequently Asked Questions

What are the most common conditions for putting in a sale and purchase agreement for purchasing a property?

The three most common conditions when buying property are finance, LIM report, and building report conditions. It would help if you also considered having a Solicitor Approval condition.

What are the most common conditions for putting in a sale and purchase agreement for purchasing a business?

The three most common conditions when purchasing a business are due diligence, finance, and landlord consent.

What is the benefit of having a family trust?

A discretionary trust is commonly known as a family trust. It allows you to pass on the assets to future generations. It can also provide a degree of protection from personal liability claims by creditors, family disputes or any litigation.

Who should have a Will?

Anyone with assets over $15,000 must have a Will. Along with the Will, the two other most important instruments to have in place are the Enduring Power of Attorney for personal care and welfare and property. Having these in place is much easier when a person is healthy and has sound mental capacity.

What is a living will?

A living will, also called an Advance Directive, contains instructions regarding any restrictions you wish to place on the kind of medical treatment to be given to you in the unfortunate event of you being incapacitated. It is operative while you are alive but unable to say wishes to your near and dear ones due to lack of capacity.

At what stage of the relationship should I consider a contracting out agreement?

Generally speaking, if you are looking to talk about having a pre-nuptial or a contracting out agreement, the recommended time is to do it within the first three years of the relationship. It allows the parties to clearly identify and document what they want to have as their separate property and not make it a part of their relationship property.

Contact one of our solicitors or provide your details in the contact us page with your queries.