Terryw's legal Tips Index

Any requests for particular topics?

 

Legal Tip 251: Trust taking mortgage over personal property for asset protection Legal Tip 251: Trust taking mortgage over personal property for asset protection

Legal Tip 252: Security Guarantees and Death Legal Tip 252: Security Guarantees and Death

Skipped 253 because of a misnumbering issue. I did two 239s

Legal Tip 254: Should your spouse’s children with someone else be excluded from trusts? Legal Tip 254: Should your spouse’s children with someone else be excluded from trusts?

Legal Tip 255: Bankruptcy and Trusts Legal Tip 255: Bankruptcy and Trusts

Legal Tip 256: Specifying Assets in Wills https://www.propertychat.com.au/community/threads/legal-tip-256-specifying-assets-in-wills.42752/

Legal Tip 257: Dangers of having a friend act as trustee and mortgage your property Legal Tip 257: Dangers of having a friend act as trustee and mortgage your property

 

Legal Tip 258: New Land Tax Sting for Trusts and Companies owning Land in NSW Legal Tip 258: New Land Tax Sting for Trusts and Companies owning Land in NSW

Legal Tip 259: Need to get a new will when Marrying Legal Tip 259: Need to get a new will when Marrying

Legal Tip 260: Impecuniosity as an Asset Protection bargaining tool Legal Tip 260: Impecuniosity as an Asset Protection bargaining tool

 

Legal Tip 261: 2 People Joint Owning a Private Company – 4 Different ways to Structure it Legal Tip 261: 2 People Joint Owning a Private Company – 4 Different ways to Structure it

Legal Tip 262: Wills and inheritances Effecting Pensions Legal Tip 262: Wills and inheritances Effecting Pensions

 

Legal Tip 263: Is a Discretionary Trust the Same as a Family Trust? Legal Tip 263: Is a Discretionary Trust the Same as a Family Trust?

Legal Tip 264: 12 Months Imprisonment with withdrawing from a Loan – Contempt of Court Legal Tip 264: 12 Months Imprisonment with withdrawing from a Loan – Contempt of Court

Legal Tip 265: Using a Professional Trustee Company as Trustee of Discretionary Trust? Legal Tip 265: Using a Professional Trustee Company as Trustee of Discretionary Trust?

 

Legal Tip 266: Former Owner of Property Liable for Damages? Legal Tip 266: Former Owner of Property Liable for Damages?

Legal Tip 267: Gifts under a will to 2 or more persons jointly Legal Tip 267: Gifts under a will to 2 or more persons jointly

Legal Tip 268: Having 2 (or more) Concurrent Wills? Legal Tip 268: Having 2 (or more) Concurrent Wills?

Legal Tip 269: 4 Reasons not to hold shares in the same Trust as Property Legal Tip 269: 4 Reasons not to hold shares in the same Trust as Property

Legal Tip 270: An Example of a Serious Structuring Mistake Legal Tip 270: An Example of a Serious Structuring Mistake

 

I have put together a list of all my legal tips covering asset protection. Its in a PDF on my website and the link below.
Asset Protection Book

I will start grouping the tips on topic and making PDFs available.

 

Legal Tip 271: Rejecting and inheritance and Centrelink Pensions Legal Tip 271: Rejecting and inheritance and Centrelink Pensions

Legal Tip 272: Storing your cash in a Company or Trust Offset Account Legal Tip 272: Storing your cash in a Company or Trust Offset Account

Legal Tip 273: Discretionary Trusts with Non-Family Members as beneficiaries Legal Tip 273: Discretionary Trusts with Non-Family Members as beneficiaries

Legal Tip 274: Who Can Make a Family Provision Claim on Death? Legal Tip 274: Who Can Make a Family Provision Claim on Death?

 

Legal Tip 275: The Rights of Beneficiaries Under a Discretionary Trust Legal Tip 275: The Rights of Beneficiaries Under a Discretionary Trust

Legal Tip 276: Rewriting Wills after Death? Legal Tip 276: Rewriting Wills after Death?

Legal Tip 277: Insolvency Law Changes over the following 6 months Legal Tip 277: Insolvency Law Changes over the following 6 months

 

Legal Tip 278: Inheritance issues when one child works on the farm Legal Tip 278: Inheritance issues when one child works on the farm

 

While most of the topics do not apply to me, I find them very informative. Thanks for your efforts.

 

Here is a list of all the posts that I have mad on the forum that relate to trusts.

 

Legal Tip 279: Revoking a Will Legal Tip 279: Revoking a Will

Legal Tip 280: Related Party Rent Relief Legal Tip 280: Related Party Rent Relief

 

Legal Tip 281: Broken Promises and Wills Legal Tip 281: Broken Promises and Wills

 

Legal Tip 282: Why are Trusts usually Started with just $10? Legal Tip 282: Why are Trusts usually Started with just $10?

Legal Tip 283: Do you have to accept a gift from a will? Legal Tip 283: Do you have to accept a gift from a will?

Legal Tip 284: Do Young People Need Wills? Legal Tip 284: Do Young People Need Wills?

Legal Tip 285: Funeral and Burial Disputes Legal Tip 285: Funeral and Burial Disputes

 

Any requests?

 

We purchased a vacant land few months ago and still awaiting the other party to complete the formalities of sales deed and it seems they are not responsive or have not completed the formalities from their end , was wondering what are the ramification if the other party fail to respond and how important is the sale deed to complete formalities of sale transaction, though land title transfer formalities has been completed

would appreciate your advice,cheers

 

This is not the place to ask, this thread is a list of my legal tips.
You should seek legal advice.

 

Rewriting wills after the sale of the family home?

 

The way to avoid having to redo wills in situations like this is to avoid writting the address. Unless you want to give a particular property you could say 'my main residence' (with proper definition) as that way when you move the new property will already be covered by the wording.