Navigating the complexities of estate disputes, highlighted by the tumultuous Presley/Keough family saga over Elvis's massive estate, underscores the necessity for clear legal documentation and expert guidance. The article delves deep into the intricacies of contesting a Will in the Australian context, particularly in Queensland. From legitimacy issues rooted in inconsistent signatures to the adequacy of beneficiaries' entitlements, it's evident how vital adherence to legal standards is in ensuring the rightful distribution of assets. Ramsden Lawyers offers an invaluable lifeline in these intricate legal terrains, emphasising the importance of proactive measures and specialised counsel to prevent familial discord and safeguard assets. Read More.
The Australian Taxation Office (ATO) recently unveiled its Corporate Plan for 2023-2027, placing a magnifying glass over areas like small business tax, multinational tax performance, and more. Amid a rise in insolvencies, the ATO is vigorously pursuing overdue small business tax, with a noticeable shift from the leniency observed during the pandemic. Their message is unequivocal: "Pay up or pack up." This shift mandates a heightened vigilance from taxpayers. The risk of added scrutiny is real whether you're a landlord, work-from-home employee, or investor. It's an urgent call for individuals and businesses to reassess their tax strategies, seek expert counsel, and ensure full compliance to avoid dire consequences. Read More.
Australia's leading home builder, Metricon Homes, stands on the brink of a financial crisis, with mounting concerns that it may join the likes of Privium, Condev, and Porter Davis Homes in recent industry collapse. Homeowners are reeling as the company has given them a harsh ultimatum: either face substantial price hikes for the remaining construction or forgo their deposits. This results from rising inflation, labour and material costs, and global supply constraints. Shockingly, some face an extra $266,000 under a new contract. Amidst these upheavals, the NSW Fair Trading has initiated an investigation following a surge in customer grievances. This has given rise to speculations about Metricon's potential insolvency, with dispute lawyers gearing up to intervene. Read More.
The article explains how to contest a will through a Family Provision Application (FPA). It highlights three factors to consider before making an FPA claim, including eligibility, time limits, and the factors the court considers when determining the claim. The article concludes by stating that Ramsden Lawyers can assist those considering making an FPA claim or supporting eligible individuals who wish to pursue a claim against an estate for further provision.
The High Court of Australia has put to rest a long-standing controversy in insolvency law by unanimously deciding that the defence of set-off cannot be used against an unfair preference claim under s 588FA of the Corporations Act 2001 (Cth). The decision was made on 8 February 2023 in Gavin Morton As Liquidator Of MJ Woodman Electrical Contractors Pty Ltd & Anor v Metal Manufacturers Pty Limited, and has significant implications for those working in the insolvency industry. Read More.