What is happening with Strata reform?

Currently more than a quarter of NSW population lives, owns or manages strata. To modernise strata laws in New South Wales, the New South Wales Fair Trading has recently announced that the new Strata Schemes Management Act 2015 (NSW) (Act) will come into effect on 30...

Should my will include a Testamentary Discretionary Trust?

A testamentary discretionary trust (TDT) is a special type of trust created within your will. The TDT is different from a typical simple will.  In a typical simple will the bequests or gifts of the will are given directly to the beneficiaries (subject to any delay...

What is a Power of Attorney?

The explanatory text from the Land Registry Services standard form of Enduring Power of Attorney is a useful start to this question: An enduring power of attorney is a legal document that allows you (the ‘principal’) to nominate one or more persons (referred to as an...