Szabo & Associates News & Updates

It was recently highlighted in the Sydney Morning Herald, that it is incredibly difficult to design a Will that is completely free of the risk of being challenged. The article highlights the increasing number of people in Australia that are challenging a loved one's Will on the basis of a lack of adequate family provision, claiming that they have not been adequately provided for. Unfortunately many people, owing to the complexity of the law in this area, do not understand the rules concerning mounting a challenge to a Will on the basis of a 'lack of provision'.

It was recently reported in the Sydney Morning Herald that Arnold Schwarzenegger, star of The Terminator and former Governor of California, deems his cheating on Maria Shriver to be his "biggest failure". Mr. Schwarzenegger, who fathered a child with his maid during his marriage to Ms Shriver separated from his wife after 25 years of marriage. Mr Schwarzenegger and Ms Shriver have yet to finalise their divorce from one another.

The New South Wales government plans to set aside almost $280 million for a voluntary buyback scheme for homes containing loose-fill asbestos. It is believed there are as many as 511 homes in NSW built by the Mr Fluffy company which used loose-fill asbestos type roofing insulation during the 1960s and 70s. Asbestos fibre is the most prominent cause of mesothelioma - the aggressive lung cancer.

When partners decide to separate one of the issues they inevitably face is the property split. An amicable agreement on property settlement is always the best way to go. However, is it enough to protect your financial interests?

The Property Council of Australia  have recently released figures that reveal the eye watering extent of stamp duty increase all across the country.