Succession for farming families doesn’t need to be a bun fight. You just need a plan.
The first actions you need to take if you have been appointed to manage your family’s charitable foundation or a Private Ancillary Fund
If you have been newly appointed to manage a Private Ancillary Fund, you may feel overwhelmed or unsure what you need to do first. You do not want to get bogged down in administration when real objective is to make a positive impact on your community. We have put together a simple list of the first actions you need to take to make sure you start on the right foot.
Have you ever wondered what happens to the remaining amount owing on your HECS-HELP loan when you die? Well here’s your answer!
If you don’t free-up some time to think and execute on the next growth strategy, your business will stall, and maybe even falter. The solution is to hire a replacement, but where do you start?
Frydenberg’s announcement may help your small business restructure its debt obligations to trade out of the COVID recession.
What happens if the executor of an estate or trustee of a testamentary trust loses mental capacity?
So, you’re running a business and need to develop a system to identify trends in customer activity on your website. You’re about to hire a software engineer to lay some code, and the question of who will own the IP comes up in your negotiations over the Software Development Agreement…
The specific terms of your trust deed can mean you will either save or lose money in income taxes. It is important your deed is up to date and gives the trustee all the powers it needs to optimise the trust’s tax position.
The main thing to remember is that trusts can only ever distribute trust law income, as it is defined in the trust deed.
It’s almost 30 June. Have you done your trust distribution minutes?
Do you have the same rights as people who are married? For example, to share in your partner’s estate, challenge their Will, get damages for wrongful death, claim super benefits, etc? The short answer is, yes, but…
So you own a business and are embarking on divorce! Not a great combination… Find out what issues you are likely to face, and how you can develop an effective strategy to keep it all together.