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2017: Issue 2
This issue:
- Siblings' Legal Battle
- Gifts or Loans?
- Supreme Court Battle
- Generation Inheritance
The Szabo Report: What Type of Financial Gift from Parents Should you Accept?
Good Morning <<First Name>>,

Here is our end of February, newsletter. A little late but as they say: “better late than never!”
The new year has certainly seen a larger than usual number of enquiries about individuals and couples wanting to get new Wills prepared or update their existing Wills and estate plans.
We are also very busy assisting clients with contesting Wills where they have not been left adequate provision. We recently completed another successful mediation for a Contested Will matter. 70% to 80% of these claims are settled at mediation. You will find two interesting articles here (part one and part two) about battles in the Supreme Court over large estates between family members fighting for larger shares of estates. Most such matters are not as large but just as complex needing specialist legal help and advice.

At Szabo & Associates, Solicitors we can help you with all aspects of Wills and Estate Planning, including Contesting a Will and defending estates from such claims.

Another article is about Aboriginal sisters (part of the Stolen Generation) winning a Supreme Court judgement in their inheritance battle.
Finally, our Family Law Solicitor Monique Loveday has written an interesting blog about how financial advances made by parents to their child are dealt with when their child separates from their partner / spouse. You can read this here. Monique can assist you, your friends, family and colleagues with all aspects of Family Law including Child Custody, Child Support,  Relocation, Property Settlements and Divorce.
Hope to hear from you when you need our services. If so, contact us here.
George Szabo


Legal Battle Between Siblings of one of Australia's Richest Families Comes to NSW Supreme Court

The Macarthur-Onslow family are locked in a legal battle to determine with property developers to determine the worth of their late father’s land, and how the proceeds of which will be split between family members. John Macarthur, a key figure in the Rum Rebellions, died in 1984, but after the death of his second wife in 2013, there remains confusion over what he left in his Will, and what she left in hers.

$500million Supreme Court Battle Between one of Australia’s Oldest and Richest Families Becomes $1billion Dispute

As reported in our first blog about the dispute surrounding the estate of Sir Denzil Mcarthur-Onslow, a battle between siblings and property developers leaves the fate of the balance in dispute. It came to light that Sir Denzil’s children to his second wife, Lady Macarthur-Onslow, were locked in a battle about the future of their late father’s land, and the fortune attached to it.



Gift or Loan: Does it really matter?

Consider this Scenario: You and your partner / spouse are desperate to buy your first home. After months of going to open homes and searching the internet you reach the conclusion that you will be unable to buy a house anytime soon because you both just don’t have enough cash. After several discussions with your parents about this issue, they offer to give you $70,000 to help you purchase your first home. A year after you purchase your home, you and your partner separate and decide to sell the home and split the sale proceeds. What about the $70,000?

Find out more... Find out more... Find out more...
Aboriginal sisters win $200,00 Stolen Generation inheritance battle after help from indigenous MP Linda Burney

In a case described as ‘the first of its kind’ by NSW Supreme Court judge Geoff Lindsay, 3 aboriginal sisters have won an appeal to be given access to the Estate of their half-brother, who died without leaving a Will. MP Linda Burney has successfully plead with a NSW Supreme Court Judge to rule in favour of three of her Aboriginal friends, who were looking to access their half-brother’s $200,000 Estate.

Find out more...
Contact us
Suite 402 Level 4
88 Foveaux St
Surry Hills
NSW 2010

PO Box 282 Surry Hills

Phone: 02 9281 5088
Fax: 02 9281 5988
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02 9281 5088

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Szabo & Associates Solicitors · Suite 402 Level 4 · 88 Foveaux St · Surry Hills, New South Wales NSW · Australia