Bowen Buchbinder Vilensky (BBV) is one of Western Australia’s most respected law firms, delivering legal advice and solutions across a full range of practice areas.
BBV is the first significant law firm in Perth to offer legal services on a Fixed Fee Pricing basis – we no longer bill by the hour. This revolutionary approach focuses on delivering greater certainty and peace of mind to our clients. It is also consistent with our intent to become a firm of the future. In adopting Fixed Fee Pricing, BBV is helping shape the future of the legal profession into one that is more client focused and outcome driven.
Recognised by the Law Society of Western Australia as an Approved Quality Practice, BBV is also the proud winner of the prestigious Law Australasia Pursuit of Excellence Award.
27 April 2016
When starting a business the last thing that many new business owners give consideration to, or sufficient consideration to, is what will happen in the future when the new business owner or an existing joint business owner either wants to exit the business or, through death, illness or disablement, is forced to exit the business.
A recent Succession Report prepared by Pitcher Partners in conjunction with Swinburne University revealed that 51% of business owners do not have a business succession plan in place.
An important part of any business succession planning is putting in place as early as possible an agreement between the business owners setting out an agreed process for what is to happen when one of the business owners wishes (or is forced) to exit the business and, importantly, what is to happen to that business owner's interests in the business.
Posted on: Apr 27, 2016
By Laura Di Cristofaro, Solicitor at Bowen Buchbinder Vilensky Lawyers
31 March 2016
Modern life and the complexities that come with it mean that we must consider our estate planning very carefully. However, with the increase in conflicting moral obligations to spouses, de factos, children, step children and other loved ones, even the most careful Willmaker may find that there is someone who feels that their Will is unfair and that they should have received an inheritance or a larger inheritance. It is also possible that a relative may feel (for whatever reason) that, where a person dies without making a Will, the laws of intestacy do not provide that relative with adequate provision.
The Family Provision Act 1972 (WA)Continue Reading
Posted on: Mar 31, 2016
By Adam Spashett, Senior Associate at Bowen Buchbinder Vilensky Lawyers
10 March 2016
Following on from my colleague’s article “What Do You Mean It’s Not Mine?”, I have reflected upon one of the more basic, yet most important, question in family law property settlement – what makes up the net asset pool?
Simply stated, the net asset pool is all of the parties’ assets minus their liabilities.
That sounds simple enough, but what exactly is an asset, a liability, or a financial resource, is sometimes not so simple.
Identifying and Valuing the Net Asset Pool
The asset pool includes assets which are:
- owned by either party prior to the marriage;
- accumulated during the marriage; and
- acquired post separation.
Posted on: Mar 10, 2016
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Our clients benefit from Fixed Fee Pricing
> Greater certainty and peace of mind
> Focus on outcomes delivered – not time spent
> Fees which fairly match each case
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