Phang Legal's blog

Right Advice for the First Home Buyer

Also appearing at the Justice Centre.

Helping First Home Buyers

Take a look at our current offer for First Home Buyers. This offer is for a limited time only.

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...

Asset Protection - it's just a matter of trust

Also appearing at the Justice Centre.

Recent developments and practical considerations

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.

In ASIC v Carey, the court found that a beneficiary who controlled the trust and the trustee's powers of distribution (ie, as trustee or as a director of the corporate trustee) effectively 'owned' the trust assets - even though that trust was a discretionary trust - and in that case, the trust assets were not protected from the beneficiary's creditors. | Read more...

Solicitor Agent - Cost Effective Representation

Also appearing at the Justice Centre.

Attention all fellow lawyers and self-represented litigants

If you need representation in court, consider the practical and cost effective solution of appointing a 'solicitor agent'. A solicitor agent who is local to the court in question can represent you and/or your clients competently at an affordable rate, saving your valuable resources of time and money.

If you are a lawyer who is required to appear in a court which is not within your local area, what do you do? Here are some solutions... | Read more...

You could... chose to not appear!

Pre-Purchase Building Inspections - 10 Steps

Ten steps to inspecting the house or building -

Before purchasing house or building, you should have certain information in order to ensure the quality of structure. People face lot of trouble due to lack of knowledge. To fix these problems, they spend thousand of dollars but still they get nothing. They need building inspectors and pest inspectors who help you to get rid of these issues.  read more » | Read more...

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