Have I made one?
The law around trusts is ever-changing particularly with relationship property and matrimonial issues. The courts continue to chip away at the trust as an appropriate vehicle to protect assets against a relationship breakup.
The Clayton case
One area of this changing environment that will be of interest to the rural community is a consequence of some judicial reasoning in the Clayton v Clayton case. There will be particular interest in the comments made in relation to ‘nuptial settlements’ and s182 of the Family Proceedings Act 1980.
Continue reading “‘Nuptial Settlements’”
If you are in a de facto relationship, there could be significant financial implications for you if you separate, or if your partner (or you) dies
The principal piece of legislation which deals with the division of property belonging to couples or married couples is the Property (Relationships) Act 1976 (the PRA). Substantial reforms in 2001 extended the scope of the PRA to cover de facto relationships. But what exactly constitutes a de facto relationship in the eyes of the law?
Continue reading “Are We in a De Facto Relationship?”
The latest Trust eSpeaking – hot off the press
In this issue:
- Division of Trust Assets on Separation: Family Proceedings Act can apply
- What Type of Trust do you Have? Important tax implications
- Advisory Trustees: all care and not the responsibility
The next issue of Trust eSpeaking will be published in September.