Family law financial agreements

Practitioners often receive funds to be held until distributed to the intended party when acting in family law matters, for a vendor selling land and when acting for the executor of a deceased estate. Claims sometimes arise where practitioners fail to seek instructions from the client to invest the money in an interest-bearing account rather than leave it in the trust account.

LPLC receives claims from practitioners who act in the transfer of family farms to trustees where the transactions are not exempt from stamp duty.