APIA Blog

This week's question comes from long-time APIA member Hari K and the answer is kindly provided by Kristine King of DK Law. The answer is intended to be for general information only and not legal advice. If the rental properties are held by a trust with the parents being trustees, what is the best way to ensure that all the children get equal shares of the portfolio after the parents pas...

The Property (Relationships) Act 1976 (“PRA”) sets out the rules for how couple’s property is dealt with. The PRA applies to couples who are married, or in a civil union, or de facto relationship, a category which includes couples who don’t live together. The PRA divides property (which includes assets and liabilities) into relationship property, which is most often shared equally b...