What is the First Homeowner Grant (FHOG)? The First Homeowner Grant (FHOG) is a one-time payment aimed at incentivizing and supporting first-time homebuyers in their pursuit of buying or building a new house as their primary residence. This grant typically amounts to $10,000, or the lesser of the purchase price or construction cost of the dwelling. Each eligible transaction […]
State Taxation Acts Amendment Act 2023 The majority of Australian States and Territories have now delivered their budgets for 2023–24, including Victoria. The Act introduces policies outlined in the Victorian Budget for 2023–24, such as: A new duty exemption for a transfer of land from an immediate family member to a person with a disability. […]
Debunking 6 Bizarre Estate Planning Myths: Because you need to know the truth! In summary – Irrespective of your situation, having an estate plan is essential. Many individuals are unaware of the necessity of having an up-to-date estate plan and addressing aspects like superannuation that fall outside the scope of a Will. Some aren’t even aware […]
Why you need to update or write a Will after divorce of separation. Updating your will after a divorce or separation is an important step to ensure that your wishes are accurately reflected in your estate planning. In Australia, as in many other jurisdictions, divorce can have significant implications for your will. Here are 10 reasons why you should consider […]
Why You Should Create a Power of Attorney Now! Should you lack the capacity to make decisions, and no enduring power of attorney is in place, it will be impossible for you to designate someone to manage your financial and personal affairs. This could result in an individual you are not fond of, or even a complete stranger taking […]
Contesting A Will – What information am I required to release? Are thinking about challenging a will with a Family Provision Claim (FPC)? Rest assured that your lawyer can assess and prepare your case, but what information do they need? This article will provide an overview of the details required for an applicant to bring an FPC. Setting […]