Cup Day 2018

                        Lake Street Lawyers will be closed on Monday 5th November, 2018 for the Melbourne Cup weekend. We’ll be back to business as usual on Wednesday 7th November.

New Years Eve

End of year closing dates

                Please be advised our office will be closed as of 12 Noon Friday, 22nd December, 2017 and will re-open on Monday, 15th January, 2018 due to the Christmas and New Year holiday period. Best wishes for a safe and happy new year.

Model house and financial information

Major changes to Stamp Duty and Property in Victoria

Victorian Government announce major changes to stamp duty and property transactions The Victorian Government’s latest budget has introduced major changes to stamp duty and grants affecting properties in Victoria. There are great opportunities for first home buyers to take advantage of after 1st July, 2017 but investors need to be wary of changes, particularly to[…]

Pre-settlement Inspections

If you’ve purchased a property you’re entitled to inspect the property up to a week before settlement. It is highly recommended that this be done as close to settlement as possible. Make sure you arrange the inspection with the real estate agent well ahead of time so you can do it when most convenient to[…]

Elderly couple putting will in a box

Estate Planning – Testamentary Trusts

Depending on your own circumstances, rather than a “basic” will, a will containing a testamentary trust should be considered. The benefits of the Testamentary Trust include: Income earned from the assets held by the Testamentary Trust can be split amongst the beneficiaries, including children and grandchildren, thereby minimizing taxation. This can also be achieved by[…]

Women running a business

Buying a business

There are a lot of considerations that go into purchasing a business. If you have never purchased a business before then navigating the legal and accounting landscape of a business transaction may be unfamiliar territory. This article provides a brief rundown on a number of common things you should be mindful of when purchasing a[…]