We often receive instructions from clients around trusts, whether they are, amongst others:
- Family Trusts;
- Unit Trusts;
- Discretionary Trusts established in an estate.
With a growth in wealth and a huge growth in accounting advice, many people and families establish trusts for tax purposes, asset protection and income distribution. They are becoming incredibly common in financial settlements.
Everyone who has spoken to a family lawyer in Sydney recently will know about the problems with our Court system – “the Sydney problem”. Anyone who has watched the news or had a keen eye on newspapers recently would have a vague awareness that delays in the system are lengthy and unavoidable. This means that children can spend years of their lives caught up in a system that is currently underfunded and viewed with general disdain.
Often clients involved in a family law dispute become overwhelmed by the process. This is becoming increasingly so with the delays in the Courts and the need to constantly update documents, attend appointments and answer correspondence from the other side.
Some clients become so overwhelmed that they decide it is easier to put their head in the sand than answer a phone call or email from a lawyer seeking instructions or updating documents. This can be disastrous for your case and legal bill.
Over the last 12 months, the Laws around Domestic and Family violence have been reviewed and changed in a number of areas.
In June of 2016, state legislation was changed to allow for a finding of domestic violence or a fear of domestic violence to exist in circumstances where the victim does not hold a fear of physical harm.