Legal counsel that protects and helps you prosper.
Helping you navigate life's highs and lows – when it comes to your personal legal matters, you want to be sure you can trust your law firm to get to know you, to listen to you and to understand your needs. You are likely stressed and under pressure – perhaps it's divorce, child custody, the death of a spouse, insolvency or personal injury, even criminal proceedings.
With McVeagh Fleming, you will be heard and all of our experience and expertise will be applied to giving you valuable advice that is clear, succinct and in your personal best interests.
The current 'lockdown' is unprecedented. In times like these your first priority is to ensure you take care of yourselves, friends and family. However, while it is important to protect those close to you, you should also give consideration to the protection of your assets. Accordingly, it may be an opportune time to review your current estate planning to ensure everything is 'as you would like' and, if you have a trust, to make sure that it aligns with the provisions of the Trusts Act 2019 ("the Act") which was enacted this year but comes into force at the beginning of 2021.
A trust exists to hold assets for a certain purpose. For an ‘ordinary’ family trust, commonly conceptualised as a ‘mum and dad’ trust, the ‘mum and dad’ settlors ordinarily transfer their main home to trustees to hold that property for the benefit of their immediate family group. In this scenario it is common for ‘mum and dad’ to be appointed as trustees. They are additionally named as discretionary beneficiaries to ensure they may benefit from the trust assets throughout their lifetimes as well.
Getting on Top of Your Legal Affairs – What you Could do During the Lockdown Period
During this unprecedented and unsettling time, there is an opportunity here to take advantage of the phone calls and emails slowing down (for some) and use your time to address those things you have been putting off – a bit like that painting job most people have been meaning to get to.