Is it worth setting up a family trust?

Family Law Lawyers | Prompt Legal Services Pty Ltd

A family trust is a specific type of trust that families can use to create a financial legacy for years. There are several benefits to creating one, including ensuring your family members receive your wealth and avoiding public disclosure of trust assets. Trusts are used to manage estate taxes, shelter assets from creditors and pass
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Director Identification Number: The New Requirement for Company Directors in Australia

Director Identification Number

Starting November 2021, directors of Australian companies will need to apply for the Director Identification Number and verify their identity as part of a new statutory requirement of Australian Business Registry Services (ABRS).  Who needs to apply for Director ID? Applying for a Director ID is free, and you need a director ID if you are
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Solicitor Certificate Explained

solicitor certificates

Banks will often require individuals applying for a loan or guaranteeing a loan to receive certificates of independent legal advice (‘Solicitor Certificate’) from a solicitor about the potential consequences for the borrower/guarantor in the event of default under the loan agreement. For the banks, this achieves two objectives on their part. First, they ensure that
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Commercial Leases in Victoria

Commercial Leases in Victoria

You’re starting a business, and you need a commercial location. Whether you’re moving into your own office space for rent, setting up a shop or something else, this is a hugely exciting time for your business. Instead of signing on the dotted line immediately, it’s very important that you cautiously check the contract (also known
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Why You Need a Property Lawyer When Buying or Selling a Property in Victoria

Property Lawyer in Victoria

The process of buying or selling a property can be exciting but nerve-racking to navigate. In this article, Prompt Legal Services will address some of the main responsibilities of a property lawyer and behind the scenes of your property purchase or sale. A property lawyer can gather the right information and recommend the right connections
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Property Lawyer vs Conveyancer – Which one is for you?

Property Lawyer vs Conveyancer

Planning on selling or buying a property but you’re still undecided on who should act on your behalf – either a property lawyer or a conveyancer? We got you. Keep on reading to know which one is for your property lawyer vs conveyancer. To have a successful property purchase or sales in Victoria, you’ll need
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