Discretionary trusts are commonly used for tax and asset protection purposes. They allow trustees to distribute income, and to distance the assets of the trust from potential creditors. However, a recent court case has since questioned their effectiveness for asset protection purposes. read more »
For many, buying their home is one of their biggest investments, and this can be a very daunting exercise for first home buyers. Fortunately, the government assists first home buyers by offering a variety of financial benefits, such as exemptions or concessions on stamp duty as well as a grant. read more »
Buying your home at an auction can be both exciting and stressful. Aside from knowing your budget (and not bidding over it), you should also be aware that one of the most important differences between buying your home by private treaty and buying it at an auction is the 'cooling off' period. read more »
Continuing interest rate rises increase the effect of mortgage stress. Although 'stress' is relative to the way in which a person handles a situation, people faced with mortgage stress are well-advised to be proactive about addressing their financial problems rather than leaving it until it is too late. read more »