Saturday, January 16, 2010

Parent's farm lost to their child's defacto? New defacto law

through a Loan Agreement or prepare an Acknowledgement of Trust or a Declaration of Trust to say that although it is in the child's name it still belongs to you. Get an Enduring Power of Attorney from your children, in case they lose mental capacity. Get the child to do a Revocation of Power of Attorney if they have given one to their defacto, already. Get your child to do a Co-Habitation Agreement (or if married, a Binding Financial Agreement) where all the assets that you have given them ...



http://www.youtube.com/watch?v=TnkWKy9lnuo&hl=en

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