Butlers News

All data and information provided on this site is for informational purposes only. The Butlers Blog makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site & will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.

Family Money- Can I Protect It?

Bank of Mum and Dad

In today’s economy, it is has become increasingly common for parents to financially help their children, especially when it comes to buying their first home.

Parents may loan the money, gift the money, or act as guarantor. While most parents want to help their children as much as possible, this can raise a variety of issues.

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175 Hits

Should Accountants be Drafting Wills?

Accountants and Will drafting.

Should Accountants be Drafting Wills?

As an Accountant or Financial Planner what would you do if a client asked you to draft their Will?  Do you know the risks?

Whilst the temptation to be holistic in your services to a client is understandable, this blog will offer some guidance, and identify the pitfalls of engaging in a legal practice which could contravene the requirements under section 12 of the Legal Profession Act 2008 (“the Act”).

Lets start with "Only Legal Practitioners may engage in legal practice under the Act".

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1008 Hits

Part 3 - Family Violence Restraining Orders and Financial Issues

Hopefully, you have been keeping up to date with our previous blogs in relation to Family Violence Restraining Orders (“FVRO”).

If not, you can easily access them by clicking here.

This blog will be focused on FVRO’s and how they can affect financial issues.

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1045 Hits

MARRIED AT FIRST SIGHT - WHAT COULD GO WRONG?!

Married at First Sight – what could go wrong?!

Married At First Sight – the series we all love to hate and hate to love. With many people sick of choosing the wrong person for themselves time and time again, often via their online dating accounts, you can forgive some for thinking that, just maybe, these modern-day arranged marriages are the way of the future. And who can blame them with unlikely love birds like Telv and Sarah flaunting their love on national television?!

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2165 Hits

Financial Agreements – what’s the position now

The long awaited decision in Thorne & Kennedy has today been delivered by the High Court.

Background

The case concerned Ms Thorne an Eastern European woman living in the Middle East who, at 36 met Mr Kennedy, 67, online. Mr Kennedy was estimated to have personal wealth of between $18 million and $24 million.

They embarked on a relationship, with Ms Thorne moving to Australia to marry Mr Kennedy having been told that she would “have to sign paper”. Ms Thorne bought no assets with her.

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2917 Hits

Facebook - She said what??

Are you one of the 17 million Australians using Facebook? Have you ever vented on Facebook in a moment of anger or frustration? Be warned - your electronic communications can be readily accessed and used to your detriment in the Family Court.

Social media platforms are public forums and, depending on privacy settings, whatever a person shares on social media forms part of the public domain and can often be accessed by anybody at any time.

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2223 Hits

Deadline looming - Orders regarding children’s living arrangements for Christmas!

Deadline - Did you know that the Family Court have a deadline for Orders regarding children’s living arrangements for Christmas?

For most every family, Christmas is a happy but also stressful time. Whether it is ensuring there are no gift double-ups, Santa’s true identity remains undiscovered, or that there are no pistachios in the salad as Aunty Laura’s allergic, chaos is a part and parcel of the end of the year.

When mum and dad are no longer together the co-ordination and logistics are even more challenging. And that’s when they are getting along.

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2716 Hits

Why bother with a Financial Agreement?

Picture this…. you’re invited to speak on a local radio station about nuptial agreements following a recent government paper seeking to establish the key principals of such agreements for, not only the legal profession, but also the public. This is your first radio interview and so, you spend the evening ensuring you are familiar with the paper and the proposed plans. You’re introduced to the audience, and during that introduction the presenter summarises almost everything you read the night before. His first question to you…..”these agreements….you’re married….do you have one?”.

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2691 Hits

SPOILER ALERT - The Bachelor - who will get the ring?

SPOILER ALERT - The Bachelor - who will get the ring?

And so, another season of “The Bachelor” is in full swing, a sign of hope to anyone who’s single that they too could find love, so long as their willing to go on national television and date 22 people at the same time? Or maybe they’d rather be one of the lovely ladies playing house with their 21 competitors. Either way, people across Australia will be watching as all 22 girls fall for Matty J, hoping that a shiny rock awaits the lucky lady who wins his heart.  

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2769 Hits

Drugs, Family Law and the increasing responsibility on Grandparents

Drugs, Family Law and the ever-increasing responsibility on Grandparents

First, let’s talk about ordinary Family Law circumstances, with a loving set of parents, who simply didn’t make it as a couple. Grandparents do not have an automatic right to see their grandchildren. However, the grandchildren have a right to continue to spend time with their grandparents with whom they are close. In short, if it’s in the best interests of the child that they continue to have a relationship with a grandparent with whom they already have a great relationship, then the Court will take a long hard look at that.

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3128 Hits

Surveillance vs Snooping - The Fine Line...

Surveillance vs Snooping

Going through a separation has a way of making even the most private and intimate of affairs seem all of a sudden very public. Unfortunately, this exposure of personal details, coupled with an angry ex, can result in uncovering more than a few skeletons in the closet.

There are different ways of accessing private information and there are drastic differences between surveillance and snooping – one being legal, and one not. 

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3117 Hits

The law doesn't care if you're separated but not yet divorced... How your ex can end up with your money after you're long gone..

 

A relationship breakdown is one of the most traumatic things you’ll ever have to deal with in your life. Life as you know it is tossed completely upside down, and not only do you have to grieve the loss of the relationship, but you probably have to move, open new bank accounts, learn where everything is in a new supermarket, and sometimes even stop seeing some of your friends because your former partner got them in the split. While you’re sorting through 3 years’ worth of bank statements and trying to get your ex to agree that the kids can stay with you until 2.00pm on Christmas Day instead of 1.00pm, it might not feel like there’s much time to get your head around anything else.

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4637 Hits

The To Do's Before the I Do's

THE TO DO’S BEFORE THE I DO’S

Marriage is about more than just the loving union of two people—it’s also about the union of financial assets and liabilities, and families. Or, as some like to say, it’s about halving your rights and doubling your duties.

There are good reasons why you should consider signing a Financial Agreement before you marry or commit yourself to a de-facto relationship. However, not everyone needs a Financial Agreement. Quite apart from the legal issues (which you can discuss with a solicitor), the answer to this question will depend on a number of practical considerations, as follows:

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5726 Hits