We are pleased to announce that as of 1 July 2024, Prompt Legal Services and Gladstone Park Conveyancing have merged with Oakley Thompson & Co. This strategic move marks a new chapter in our endeavour to provide exceptional legal services for our clients. The alignment of core values was seen as critical to the partners
Read More…
Homesafe Info If you find yourself in a position where you are asset rich but are struggling financially, then a Homesafe Wealth Release transaction may be an appropriate financial product for you. A Homesafe Wealth Release transaction involves selling a percentage of your home for a lump sum payment. It is a convenient way of
Read More…
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
Read More…
Most of us know we need a plan in case something unexpected happens to us, but we may not know what is involved in the estate planning process. When it comes down to it, deciding who will inherit your estate is a big decision and an important part of life planning. If you are not
Read More…
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
Read More…
What is a Power of Attorney? An Enduring Power of Attorney (EPOA) is a legal document that helps you give one or more person the power to make decisions and manage: – Â Â Â Your finances and property; – Â Â Â Your lifestyle choices (such as where you live); or – Â Â
Read More…
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
Read More…
Are you about to sign a Commercial Lease in Victoria? Wait! Have you considered whether you’re getting the best terms possible or if there’s a hidden pitfall that could hinder your business growth? Navigating a Commercial Lease Agreement in Victoria can be a complex affair, which, if not handled correctly, might lead to unexpected costs and contractual surprises that could impede your
Read More…
If you think you have been unfairly left out of a Will, you can contest it by initiating a claim for further provision under a Will (also known as a ‘Part IV Claim’). In this case, you are asking the Court to make an order granting you further provision than that which the original Will
Read More…
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
Read More…
