A Trust and a Will are both estate planning devices. However, each serves a different purpose, and both can work together to form a complete estate plan. This blog will provide a short explanation of the function of each and how they differ from one another.
Szabo & Associates News & Updates
A property developer has recently been granted official ownership of a derelict property in Sydney he discovered two decades earlier. The three-bedroom, one-bathroom house which Bill Gertos renovated and rented out has been valued to be worth an estimated $1.6m.
A new report has called for an effective, integrated framework for responding to the neglect and abuse of all vulnerable adults in NSW after identifying “critical gaps” concerning matters involving elder abuse.
The New South Wales Land Registry Services (NSW LRS) has recently announced it will be trialling blockchain technology for land registry contracts. By partnering with ChromaWay, a Stockholm-based firm which specialises in blockchain technology and pioneered a platform for the Swedish land registry, the new system is expected to be complete by early 2019.
On the 17th October 2018, NSW Parliament passed a series of proposed recommendations to the Residential Tenancies Act 2010. According to the Minister for Innovation and Better Regulation, Matt Kean, the reforms in the Residential Tenancies Amendment (Review) Bill 2018 were “common-sense changes” and were designed to try and “get the balance right” between both landlord and tenant; to increase protection for renters while ensuring landlords can manage their properties effectively.