Newsletters

Specialists in Wills and Estates Over the last 10 years, the team at TB Law has specialised in Wills and Estates Law. Principal Solicitor, Manny Wood says “By specialising in Wills and Estates, we can focus our attention on providing legal services in which our solicitors and team of support staff are confident and familiar with providing.” “Because we are well-versed in the field we are also very efficient, which allows us to keep the legal costs down and the turnaround times quick”. “We recommend  going to a firm that specialises in the service you seek. There are serious consequences if the job is not performed [...]

Did you know about the real risks that everyday Australians face, if they have not implemented proper estate planning measures. Appointing an appropriate person to manage your financial and medical affairs under a Power of Attorney and an Appointment of Enduring Guardian, allows you to make a decision now that will protect your rights in the future, should you lose capacity. Read about the sad reality that Brisbane man, Chris Pearson faced against the Queensland Office of the Public Guardian and Public Trustee, here.   This article is intended to be for information and educational purposes only and cannot be relied upon as legal advice. The information may not [...]

Stamp duty is not payable when transferring real estate to an executor for the purposes of sale. Stamp duty of only $50 is payable when transferring real estate to a beneficiary if gifted under the will or if it is ‘in or towards satisfaction’ of their share of the estate. Stamp duty of only $50 is payable when transferring real estate under a family provision order (will challenge). If real estate is transferred to a beneficiary and its value is more than the beneficiary’s share in the estate, stamp duty is payable on the value of the real estate that is above the beneficiary’s entitlement in [...]

With the current housing market where demand is exceeding supply, the question may be asked is “gazumping” legal? Gazumping is when a vendor agrees or accepts a purchaser’s offer in principle, but prior to exchange the vendor receives and accepts a higher offer, agreeing to sell to someone else. In practice, this might look like a real-estate agent passing on your offer to the vendor, it being accepted, but the contracts not being exchanged straight away. During this time between accepting the offer and the exchange of contracts, the real estate agent is legally required to inform the vendor if a higher offer is made. If [...]

The month of Movember has come at last and what a month it shall be. The month where moustaches of all shapes and sizes crawl across upper lips for a good cause. Please visit our Movember page and donate if you can https://au.movember.com/team/2408712. If you can't donate, just ask someone if they are doing alright or make an effort to smile at a stranger, you would be surprised the impact that these small gestures can have. Jamie Mo-tivation I am growing a Mo for men's mental health. I have many close mates who have wrestled and are wrestling with the Black Dog. I have even lost [...]

Manny Wood, Accredited Specialist in Wills & Estates, has put together a General Advice outlining the Probate process and the duties of executors and administrators. The General Advice is set-out below and you can find a PDF version here. What is Probate? A Grant of Probate is issued by the Supreme Court of New South Wales. It is formal recognition of the validity of a will and authorises the executors to administer the estate. If there is no will, the Grant is known as Letters of Administration and administrators are appointed instead of executors. It is necessary to obtain a Grant if the deceased owned real [...]