10 04, 2020

Lending to family members: How to avoid the pitfalls

2020-04-10T14:08:16+09:30

So you want to help a family member under financial strain? What starts out with the best intentions can soon result is family disharmony. Confusion about whether the advance is a loan or gift can quickly result in argument. The tragedy is that this is so easy to avoid if you take some simple precautions from the outset.

Lending to family members: How to avoid the pitfalls2020-04-10T14:08:16+09:30
30 03, 2020

Getting your estate planning up-to-date. Part 3: What happens if you’re incapacitated for a period of time?

2020-03-30T08:01:39+09:30

If you are incapacitated for a period of time, things won't stand still and wait for you to recover. Someone still needs to manage your legal and financial affairs, and others will need to make personal and healthcare decisions for you. Do you have the necessary documents in place to make this happen, and avoid the need for your loved ones to apply to the Government for help? If not, read this.

Getting your estate planning up-to-date. Part 3: What happens if you’re incapacitated for a period of time?2020-03-30T08:01:39+09:30
30 03, 2020

How to control a family trust when you die – our free downloadable Guide

2020-03-30T08:12:00+09:30

It's pretty common to hold assets in a family trust. We do this to protect the assets and to minimise our taxes. That's all well and good until it comes to estate planning. If you have a family trust then you need to give some very careful thought about how you are going to pass [...]

How to control a family trust when you die – our free downloadable Guide2020-03-30T08:12:00+09:30
29 03, 2020

Getting your estate planning up-to-date. Part 2: Who gets what?

2020-03-30T10:12:25+09:30

In this article we cover the important questions you need to answer to put in place an effective Will, namely: why should you make a Will, who gets what, how do you fairly divide your assets if you are in a 'blended family, and who you will need to involve in your estate plan? Time to act!

Getting your estate planning up-to-date. Part 2: Who gets what?2020-03-30T10:12:25+09:30
29 03, 2020

Getting your estate planning up-to-date. Part 1: Ownership of Assets

2020-03-30T08:03:01+09:30

One of the reasons you accumulate assets and savings is to ensure your loved ones are adequately looked after when you die. Your accountant is likely to have put in place strategies to save you tax and protect your assets. But without proper planning, this can mean that your assets don't end up in the hands of the people you intend. FInd out more.

Getting your estate planning up-to-date. Part 1: Ownership of Assets2020-03-30T08:03:01+09:30
8 02, 2020

Should you own your farmland in Super?

2020-02-08T22:05:29+09:30

A common frustration experienced by primary producers is that they cannot use their super savings in their business. Not being able to access your retirement savings until you are 60 (generally) and retired, can feel like you are diverting capital away from where it is needed. One way around this issue is to own farmland in your Self-Managed Super Fund (SMSF).

Should you own your farmland in Super?2020-02-08T22:05:29+09:30
13 12, 2019

Why you need a succession plan for your SMSF

2019-12-13T14:04:10+09:30

The trustee of your SMSF is all-powerful. The trustee decides how much money you can put in the fund, who else can join, how your money is invested, how much gets paid out to you and when, and finally who gets what’s left over when you die. So how do you ensure the trustee of your fund continues to do the right thing when you can no longer be involved? There are a number of strategies you need to have in place

Why you need a succession plan for your SMSF2019-12-13T14:04:10+09:30
22 11, 2019

Our answers to your top 5 questions about Private Ancillary Funds

2019-11-22T07:45:18+09:30

Do you want to be more strategic in your charitable giving, make a real impact on the community and create a lasting legacy as part of your family’s story? Private Ancillary Funds (PAFs) can be a great option to achieve these goals. To help you decided whether PAF is right for you, we’ve pulled together our answers to 5 questions we are frequently asked by those considering establishing a PAF.

Our answers to your top 5 questions about Private Ancillary Funds2019-11-22T07:45:18+09:30
24 10, 2019

I’m an executor, what do I do?

2019-10-28T09:38:39+09:30

Disputes involving executors of deceased estates are increasing. Usually, a trusted family member or friend appointed as an executor is just trying to do the right thing by their loved one. So, what are they doing wrong? Read on to find out how you must perform your duties as an executor.

I’m an executor, what do I do?2019-10-28T09:38:39+09:30
9 05, 2018

Does the 2018 Budget really impact testamentary trusts?

2019-09-17T08:16:58+09:30

The Government has announced a 'tax integrity' measure to 'improve' the taxation of testamentary trusts. What impact does this potentially have on your estate planning strategies?

Does the 2018 Budget really impact testamentary trusts?2019-09-17T08:16:58+09:30
20 04, 2018

Forcing a sale of property in NSW

2020-03-06T06:42:14+09:30

It's relatively easy to get into property ownership with someone. But it can be considerably harder to get out. Particularly if you don't have a co-ownership agreement in place. Find out what court remedies may be available to you NSW if you find yourself stuck in a property.

Forcing a sale of property in NSW2020-03-06T06:42:14+09:30
12 04, 2018

Transferring an asset from a super fund to a member – no stamp duty in SA

2018-08-28T09:06:23+09:30

In South Australia stamp duty is not payable on a transfer of real property from a trustee of a trust to a person who already has a defined beneficial interest in the property. For example, a transfer of property from the trustee of a unit trust to the unit holder. But there are a couple of tricks you need to be aware of.

Transferring an asset from a super fund to a member – no stamp duty in SA2018-08-28T09:06:23+09:30
12 04, 2018

A rant on challenging Wills

2019-09-17T08:17:29+09:30

A few judges and populist politicians have recently made some snarly comments about lawyers and ‘greedy’ people who are challenging Wills. Apparently, as a profession, we are getting a bit of ahead of ourselves in bringing too many of these cases to court. Read this article to get informed about the debate.

A rant on challenging Wills2019-09-17T08:17:29+09:30