Why Buy a Commercial Property?
Most wealthy individuals all have investments in commercial property. Serious investors collect commercial properties. ‘Retail’ or ‘mum and dad’ investors collect residential properties. Fewer investors own commercial property, but these investors make far more than...
Lending Money to a Family Member?
I am lending money to a family member. Do I need a mortgage? Today’s article was prompted by a question from the general public. A lady called the office and said: ‘I am lending money to my son to buy a house. I am considering downloading your mortgage precedent –...
Prenups… Mandatory for Second Relationships
Wills and Estate lawyers carefully ensure that Wills, Powers of Attorney and the like are in place in case of death. But rarely is anything put in place in case the parties separate, which happens to over 50% of relationships. Fortunately, the only document required...
Bank of Mum & Dad v Family Court
Young couples wanting to get into the property market are having a hard time of it. Interest rates have skyrocketed, as has the value of property. Enter the Bank of Mum and Dad. This source of finance is now more readily available. More so as the Baby Boomers age,...
Why Vendor Finance is a Bad Idea..
A client recently told me she had learned about vendor financing in a business seminar. One of those seminars was spruiked by slogans such as ‘build a business empire with no money down’.In my experience vendor finance almost always backfires. Here’s why. Purchasers...
How’s this for Sneaky!!
How’s this for sneaky… I recently advised a client looking to purchase a particular business. On reading through the Contract of Sale I perused the Lease attached to the Contract. The Lease expired in a year’s time, but it had two options to extend for two more...
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A New Legal Product for Your Firm’s Clients
THE SOLE-OFFICER COMPANY POWER OF ATTORNEYHere is a new legal product!And you can instantly add it to your range of legal services. It’s suited for both new and existing clients. Every sole-director company needs an attorney - and our suite of templates gives...
Prenups & Family Law Explained
Using Binding Financial Agreements to avoid forsed Estate Planning Imposed by the Family Court. Peter Szabo Family Law Peter is an acknowledged leader among Family Lawyers. He has been at the cutting edge in the development of Family Law. He was involved in the...
The Hidden Cost of Relationship Breakdown to the Business Community
A lot has been written on the huge financial impact sickness, workplace accidents and the like have on the business community. However, very little attention has been given to the effects a breakdown of a relationship has on a person’s office productivity. Up to 50%...