trusts

27

Jul

2020

Making a Will? Have you considered your loved ones’ real needs?

Tracy Creed's picture

Written by Tracy Creed

For many parents, the objective of a will is to ensure even-handed treatment of loved ones, particularly children. However, as a High Court case strikingly showed, some may be in greater need than others and that too should be taken into account....

21

Jul

2020

Daughter disinherited by ‘Delusional’ mother helped by High Court

Tracy Creed's picture

Written by Tracy Creed

The High Court came to the aid of a woman whose mother harboured false and delusional beliefs that she was a shopaholic who had stolen from her. In two wills made before her death, aged 76, the mother bequeathed almost all her estate, which was...

15

Jul

2020

Generosity of wife's Family Trusts taken into account in big-money divorce

Karen Moores's picture

Written by Karen Moores

One of the most controversial aspects of divorce is the extent to which pre-existing family wealth should be taken into account when dividing assets. A case on point concerned a couple whose comfortable lifestyle was throughout their 22-year...

18

Jun

2020

'Pay now, argue later' – High Court enforces contract adjudicator's award

Katie Maxwell-Stewart's picture

Written by Katie Maxwell-S...

Contract adjudicators' awards, even if disputed, must generally be satisfied straight away. That principle – often referred to as 'pay now, argue later' – was applied by the High Court in ordering an immediate six-figure payment to a small building...

19

May

2020

Trusts are handy but can be hazardous – always take professional advice

Tracy Creed's picture

Written by Tracy Creed

Trusts can be an invaluable means of providing for vulnerable loved ones, but they need careful handling by a professional if they are not to have serious unforeseen consequences. In a case on point, the High Court came to the aid of a retired GP...

11

May

2020

Man locked out of flat after his partner dies intestate

Sydney Mitchell's picture

Written by Sydney Mitchell

If you die without making a will, there is a real risk that your loved ones may be left high and dry. In one case, a man who said that he was grieving over his partner’s death found himself bereft of legal rights and locked out of the flat they once...

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