What is a Reverse Mortgage? A reverse mortgage is a loan product that allows homeowners aged 55 and over to access the equity built up in their home without having to sell the property or make regular loan repayments. The borrower continues to own and live in their home while the lender advances funds based...
In an era of continually soaring property prices, the “Bank of Mum and Dad” has become a crucial lifeline for many young Australians striving to own a home. For retirees who have paid off their mortgage, the temptation to unlock the significant equity in their home to help their children or grandchildren with a deposit...
In an unexpected — and very welcome — surprise, the Probate Office has just set a new internal record for speed. Earlier today, we lodged a Letters of Administration application at 1:03pm. By 1:54pm, the Grant had been approved and issued — a turnaround time of just 51 minutes. While most Grants take several days...
As the festive season winds down and the faint aroma of burnt credit card statements wafts through the air, we in the legal profession brace ourselves for what we affectionately call the ‘post-Christmas will rush’. It’s a beautiful time, a true “Boxing Day epiphany” when families suddenly realise it’s time to sort out their affairs,...
The promise of retirement downsizing is a delectable dream: no lawns to mow, a low-maintenance lifestyle, a hefty mortgage paid off, and cash left over for travel and fun. But for many Australians, the reality is a transition “soured by a lot of things that happened along the way,” turning into a “claustrophobic nightmare”. The...
The Bank of Mum and Dad is one of Australia’s biggest lenders, a testament to the generosity of parents helping their children navigate an increasingly unaffordable property market. However, as well-intentioned as this help may be, it is a financial minefield, and emotional decisions without legal and financial advice can lead to costly mistakes—potentially hundreds...
At Hayton Kosky, our goal is to make complex legal processes as clear and straightforward as possible for our clients. We were delighted to receive a glowing 5-star review from a recent client, following the settlement of her new Gateway Bank Reverse Mortgage Access loan, introduced by Seniors First. The client’s feedback, which echoed...
In a landmark development for supported decision-making, the Victorian Government has introduced the Supportive Power of Attorney (SPA) under the Powers of Attorney Act 2014 and the newly updated Powers of Attorney Regulations 2025. This innovative legal tool marks a significant shift toward recognising and enabling the autonomy of people who may need assistance to...
October 27, 2025 It’s the kind of news that sends a chill down the spine of every Australian with a superannuation account. Yesterday, Netwealth, an ASX-listed financial giant with a market cap of nearly $8 billion, formally asked the federal government to use public funds to bail out its members to the tune of $101...
The Silence of a Home Full of Memories The silence in a large family home, once filled with the vibrant chaos of a growing family, can become a heavy, palpable presence. For many adult children, this silence is the soundtrack to a slow-burning anxiety: a parent, now in their 80s or 90s, living alone in...
