If you are heading overseas for an extended period of time, and have a SMSF, then you need to do some housekeeping before you leave.
This of a lawyer like a 'Will Kit' - but with arms and legs.
If you own or lease a farm, you have a valuable asset that you need to protect. The key document to make this happen is a well drafted 'farm lease'.
'Asset protection' is the phrase given to strategies that seek to keep assets out of harm's way. Want to know more about this strategy?
Avoid Additional Stamp Duty in Victoria – Exclude Foreign Beneficiaries from Your Discretionary TrustAndrew2020-05-18T08:20:24+09:30
The Victorian State Revenue Office (SRO) has announced that from 1 March 2020 it has adopted a new approach in applying the ‘foreign purchaser additional duty’ (FPAD) provisions of the Duties Act 2000 (Vic) to discretionary trusts. Make sure you don't get caught by this additional 8% of duty.
If you're paying for your grandchildren's education costs, then you're not alone. But is this financial support a 'gift' or a 'loan' to your children? If this is left in any doubt, then bitter family disputes will arise. Take the time now to make sure the ground rules are clear.
This is a big question. The answer is going to depend on a range of factors, but there are some general rules you can apply.
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.
Download our comprehensive guide to controlling your family trust.
A key benefit of having your super in a SMSF is that you can choose who ultimately benefits from particular assets within your fund when you die.
An 'Ancillary Fund' is a special type of trust that can be used to collect and distribute donations for charitable purposes. The Fund can be set up through a trust deed while you are alive, or through your Will. Importantly, the Fund does not undertake charitable work itself, but can be used as a collection point to pool donations and then distribute them to charities and causes, as decided by the trustees.
What happens to my SMSF if I become a non-resident?
- Is your commercial lease compliant with the PPSR regime? GalleryAreas of Law, Business, Business Interest, Commercial/Business, Facebook Published, LinkedIn Published, Marketing, Newsletter Published, Newsletters, PPSR, Property, Twitter Published, Wealth
Is your commercial lease compliant with the PPSR regime? You need to know the answer to this question. Everyone has heard about the Personal Property Securities Register (PPSR), which came online on 30 January 2012. The implications of the new registration system are still not widely known. For many people the need for registration is only discovered after it is too late.
You’ve decided that a Financial Agreement is right for you. So what happens next?
A ‘Binding Financial Agreement’ is a way for couples to put in writing what they would like to happen to their property if their relationship breaks down, or if their relationship has already broken down and can avoid costly disputes.