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Most people are aware that when someone passes away their remaining assets, including money, real estate and personal property are distributed in accordance with their Will. However, many people do not understand what Probate is or when it is needed. A Grant of Probate authorises an executor to collect the deceased's assets, pay any outstanding debts and distribute the remaining assets to the beneficiaries under [...]
What is a Granny Flat Arrangement? A granny flat arrangement or agreement is a legally binding document generally entered into by family members. The most common scenario is between the parents/family members and their children where the former is provided accommodation in the property of the latter in lieu of some monetary consideration or asset. Granny Flat Agreements are a life estate agreement and the [...]
A number of our clients have been asking about the implementation of mobile phone detection cameras in New South Wales the use of which commenced on 1 December. Although the NSW Government has been trialling these cameras between January 2019 and June 2019 there has been very little public awareness information provided by the Government to help drivers understand the new rules. Many of our [...]
From an origin of one office in Sutherland Shire in 1969, to 50 years later with offices at Sutherland, Sydney, Pennant Hills, Campbelltown, Batemans Bay, Bega, Merimbula and Eden, WMD Law are pleased to continue our tradition of providing exceptional legal services, maintaining strong personal relationships with our clients and supporting our local community through the direct involvement of our team of over 60 staff [...]
Duty (previously known as stamp duty) must be paid when you buy any of the following: Property (your home or a holiday home); Investment Property; Vacant land or a farming property; Commercial or industrial property; and A business, which includes land. You are also liable to pay duty if you acquire land, or an interest in land where no consideration has been paid. Duty [...]
In 2015, the Home Building Act 1989 (the Act) was altered to amend the time to be able to take action in respect of residential building defects to 6 years. This period, however, only applies to defects which are considered "major defects" under the Act. The Act defines a "major defect" as follows: "a defect in a major element of a building that is attributable to defective design, [...]
Are you a first home buyer looking to get into the property market? Have you saved the 20% deposit required by most lenders? If not, there might be might be a way for you to still purchase a property. The government is proposing to introduce the First Home Loan Deposit Scheme (Scheme) whereby you will be given the chance to apply for a home [...]
Recent reforms relating to Drink Driving Offences in NSW have significantly changed the existing law. As of Monday 20 May 2019 any driver even a first time or low range offender will receive an immediate three month licence suspension in addition to a $561 fine regardless of any defence or need for their licence. Therefore, an individual with no significant traffic offences and no [...]
We are delighted to announce our most recent acquisition by the firm. Effective 1 March 2019, the Goldbergs Lawyers Group will become part of WMD Law. Who are the Goldbergs Lawyers Group? Goldbergs is a well-respected and long-established group having commenced in 1964. It incorporates three operating divisions – Goldbergs Lawyers based in the Sydney CBD at 131 Clarence Street, Messner & Blunden based [...]
Investing in real estate is one of the biggest and most important decisions you can make in your life. Before signing any contract it is important that you know what exactly you are buying and the terms under which you will buy. While you may think it sounds straightforward, it is surprisingly easy to become unstuck. Just like any other sale process, it is [...]
