One of the most common issues that we hear from our clients after separation is confusion as to mortgage repayments and who is responsible for meeting the payments.

As at 1 October 2019, paper Certificates of Title no longer have any legal effect. A paper CT is now classed as an item of historic or sentimental value only.

It no longer needs to be deposited with the Titles Registry when a transaction is lodged over the title ie. a mortgage & no longer needs to be dispensed for a transaction to proceed ie. the sale of a property!

Separation can be a difficult time for not only the parties involved but also their children.  Although we often see that parents' wish to shield their children from the unpleasantness of a family break down, understandably they also want to ensure that the children's wishes are taken into account for parenting arrangements.

This gives rise to the question, do your children have a say in who they want to live with?

The recent United States of America case of Rich and Mary-Beth Zelasko & Zelasko demonstrates the importance of finalising your property settlement after separation.

Mr. Rich Zelasko was ordered to pay $15 million to his wife who he had been separated for more than two (2) years. This decision may come as a surprise to many however, there has been similar decisions made in Australia in relation to lottery winnings after separation.

In the High Court decision of Masson v Parson [2019] HCA 21 made 19 June 2019, Mr. Masson successfully appealed against a decision that as a sperm donor, he was not a "parent" of a child.  

In 2006 Mr. Masson provided his semen to the biological mother of the child in the belief that he would, as the child's parent, be named on the child's birth certificate as her father and would support and care for her. 

Under the Terms of Contract for Buyers of Residential Property

In the majority of Contracts to buy residential property, the Seller will require that the Buyer pay a Deposit. The Deposit is a small fraction of the Purchase Price and shows some commitment that the Buyer is serious about purchasing the Property. It seems pretty basic – the Buyer pays an agreed amount. That amount sits in an account not to be touched again until either the Contract is terminated or settlement is completed. Easy, right? Mostly it is easy, but there are some traps that you can be caught by, if the terms for payment of the Deposit are not complied with.

The rise of the "fur baby" as an alternative to having children has been highlighted in a recent family law case.

In Downey & Beale (not Beagle), the Federal Circuit Court was asked to determine who was the owner of the dog, (name and breed omitted for privacy apparently so we'll call him Spot).

After a five-year relationship, Spot's parents managed to reach agreement about the division of all of their assets, including their jointly owned home, but neither could bear to part with their fur baby.

"Pre-nups" have been made famous by famous people.  You can be sure that the likes of the Kardashians and the Rhineharts and the Murdochs wouldn't walk down the aisle without one.  But does your average wage earner need one, and if they do, are they worth the paper they are written on?

In short, yes and yes.

Whilst we don't have too many celebrities knocking on our door in Toowoomba to draft their pre-nups, they are becoming increasingly common for your average couple.  A pre-nup - otherwise known as a Financial Agreement under the Family Law Act - can be entered into before or during a marriage or a defacto relationship.  We especially recommend them in these scenarios:

Up until June 2017, the end of a de facto relationship did not have any impact on any Will which the couple might have made during their relationship.  That meant that if they neglected to make new Wills, their old Wills (which usually left everything to their former partner) remained effective.

We once acted for a son and daughter who were to receive nothing from their late father's Estate as he had neglected to change his Will after the very bitter end of his de facto relationship.  He died eight years after he finalised a property settlement with his former spouse but that had no impact on his Will, which left everything to her.  The result was that his children had to engage in a long and costly legal process in order to get any benefit from his Estate.

IF YOU ANSWER YES TO THESE QUESTIONS YOU MAY JUST WANT TO READ THIS VERY IMPORTANT INFORMATION!!

As a Seller of residential Property, your main responsibility is to ensure that ownership of the Property can be transferred to the Buyer immediately after Settlement. For Sellers who have a mortgage over the Property, this means that you need to arrange for that mortgage to be released. This blog will explain how you can obtain the all-important release of mortgage, it will take a brief look at the ramifications if you don’t have it available at settlement, and we will let you know the magical, mind-blowing secret to making sure you will have the release ready on time, every time*.