Do you ask your borrower client why they are borrowing the money when they come to you with loan documents? We know some practitioners don’t.
It seems they think it’s not part of their retainer to understand why the client is borrowing the money or they think it might be drifting into the realm of financial advice if they do ask, or both. And both reasons are wrong!
This brochure is provided by LPLC as a template for lawyers to use for client information purposes. The brochure outlines what your clients should consider when they are planning to provide financial assistance to their child for the purpose of buying a home. Firms can use the sample brochure as it is, or use the word version to tailor the wording to suit their needs or create their own branded brochure.
In historic institutional child abuse claims, we are continuing to see requests by some defendants for plaintiff’s solicitors to provide an independent solicitor certificate on settlement of the plaintiff’s claim. The certificates typically contain statements to the effect that the solicitor acting for the plaintiff has explained to the plaintiff the purport and effect of the settlement deed, the plaintiff appeared to have understood that advice, and that the deed was signed voluntarily.
LPLC has created this Key Risk Checklist for practitioners dealing with Personal Property Securities matters.
Legal practitioners acting in property transactions take note that the foreign resident capital gains withholding (FRCGW) rules are changing on 1 January 2025.
The Legal Practitioners’ Liability Committee (LPLC) is pleased to announce the appointment of Mary Maini as LPLC’s new Chief Executive Officer from 6 January 2025.
The LPLC Annual Report for 2023–2024 was tabled in the Victorian Parliament on 31 October 2024.
