What Happens If Someone Dies Without a Will? When a person dies in Victoria without leaving a valid Will, the estate of the deceased person is distributed according to the provisions of Part IA – Intestacy of the Administration and Probate Act 1958 (Act) “The Act”....
Purchaser’s and Vendor’s Rights in Contracts for Sale of Real Estate
What is a Contract of Sale? A contract of sale, often referred to as “the contract”, lists all the relevant information pertaining to the sale of a property, including details of the title particulars, the conditions of the sale, and any inclusions or exclusions in...
Valuation of Assets in Family Law
When couples separate, the first step is to identify and value the assets of the relationship. Depending on the type of asset, some will be easier than others to value. Assets that have a current value such as money in a bank account or shares in companies are easy to...
How are assets divided in a divorce?
When contemplating a divorce or separation, most people assume that their assets will be divided equally. However, at law, there is no 50-50 split rule, and the Court will look at many factors in determining how the marital assets of a couple will be divided. The way...