Case Study 1 On 1 March 2015, Max and his sister Maggie inherited in equal shares from their late Uncle’s estate,

| August 14, 2017

Case Study 1 On 1 March 2015, Max and his sister Maggie inherited in equal shares from their late Uncle’s estate, a $20 million ten hectare sea-front property, plus bed and breakfast business, located on the outskirts of Point Lonsdale, Victoria. Max needed funds and wished to sell up. But Maggie, who wished to live on the property, and run the business, persuaded Max not to sell to a third party. Instead on 1 April 2015, the two of them entered into a short written agreement in which: &bu …

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