Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started