Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Scenario Question FionaandAndrewshaveengagedyoutoactinrelationtothesaleofaninvestment unitthey haveownedforsometimeonthenorthcoastofQLD. Afterall theyhavebothbeenthough duringthelast18monthsofCOVIDandthenalmost5monthsoflockdown,theyhavedecided makea fewchangesintheirlife. Despiteallofthedisruptions,theyhavebeenpleasantlysurprised thattheproperty market hascontinuedtorise.So, they feelnowisthe righttimetosell. Thetiminghasbecomemorepressing becauseAndrews,thoughaspritely77,hasbeen becomingincreasinglyforgetfulandisalso pronetoemotionaloutbursts.He hasalsostarted tobecomea bit aggressivetotowardsFionawhichis

Scenario Question

FionaandAndrewshaveengagedyoutoactinrelationtothesaleofaninvestment unitthey haveownedforsometimeonthenorthcoastofQLD. Afterall theyhavebothbeenthough duringthelast18monthsofCOVIDandthenalmost5monthsoflockdown,theyhavedecided makea fewchangesintheirlife.

Despiteallofthedisruptions,theyhavebeenpleasantlysurprised thattheproperty market hascontinuedtorise.So, they feelnowisthe righttimetosell.

Thetiminghasbecomemorepressing becauseAndrews,thoughaspritely77,hasbeen becomingincreasinglyforgetfulandisalso pronetoemotionaloutbursts.He hasalsostarted tobecomea bit aggressivetotowardsFionawhichis veryuncharacteristic.

Fionacallsyouandexplainsthat Pat'sGPsuspectspossiblydementia.Andrewsseemstobe gettingworseastheweeks pass.FionawantstotakeAndrews onatripnowthebordershave openedupagain.So,Fionaexplainsthataswellassellingtheirinvestment property,they wantto settletheiraffairs.

YouarrangeameetingwithFionaandAndrewsviazoomearlierintheweek. Theirsurviving children,AbbeyandLisaalsojointhezoomfromtheirhomes.Abbeylivesinwestern QLD andLisaisinfarnorthVIC.FionaexplainsinthemeetingthatsheandAndrewswanttoappoint bothAbbeyandLisaashavingpowerofattorneyregardingthesaleoftheirinvestment propertyandinrelationtoalltheirfinancialaffairs.Abbeyinterruptssayinghewilltake the leadonthis,asthatishowit'susuallydoneintheirfamily.Lisadoesn't sayanythingbut doesn'tseemvery happywithAbbey'soutburst.However,Fionaconfirmsbothsheand Andrewswantboththeirchildrenappointedandisconfident theycan workthroughany squabbles.Fionasaysshewouldalsoliketheappointment toincludedealingwithmedical mattersshouldtheseariseincludingintheunlikelyeventthatsheorAndrewsforwhatever reasonareunableto maketheirowndecisions.

YouaskwhetherthereisanythingthatmightcausedifficultyforeitherAbbeyorLisafulfilling theresponsibilitiesundertheappointment.AbbeysaysthatsinceCOVIDhenowrunshis businessonlinefromhome.Andeven thoughheandhispartnerhave5children andisalso undertakingpart time studiesonline,hedoesn't seeanyissues.Lisasays she haslotsoffree

time apartfromdealingwitha currentcourtcaseinvolving multiple unpaidfines datingback a fewyears.

FionasayssheandAndrewsareadamant theywantbothAbbeyandLisatosharethe responsibility.

Required

(a)OutlinethenatureoftheappointmentwhichFionaandAndrewswanttomakeandits likelylegaleffect.

(b)Listsome ofthequestionsyouwouldask yourclientsina followupzoommeetingto get furtherinstructions,and

(c) Outlinethepracticalproceduresyouwouldfollowin draftingtherelevantdocuments andarranging fortheir completionthroughtechnology.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Law questions