Bankruptcy Trust in Wills

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30/11/2020

Bankruptcy Trust in Wills

Smart people do not hold assets in their own name. Thus they keep assets out creditors’ reach. This is useful for business owners as well as the wealthy. Lose in court? You lose your assets. But you generally do not lose the assets held in your ‘safe harbours’: your spouse […]
03/09/2020

Financial Planners witnessing POAs

The Statutory Regulations 2018 (Cth) allows financial planners and advisers to witness Commonwealth statutory declarations. This has been the case since 18 September 2018. This means that financial planners are in the group of ‘authorised witnesses’. This is long overdue and I applaud the FPA and many other groups, including […]
20/08/2020

Stamp duty in NSW just to change the Trustee

At times you may wish to change the trustee of your trust. There is no change of beneficiary. The same beneficial owners are still there. There is no change on who the equitable owners are. But in NSW you may have to pay ad valourem stamp duty on the market […]
03/09/2019

Family Trusts – extra duty and land tax surcharges on foreigners

States punish ‘foreigners’ in family trusts for stamp duty and land tax We amend Family Trust deeds to exclude foreign persons from being beneficiaries. However, we believe it is incorrect to have your initial trust set up to exclude foreigners. Instead, you should do a “Deed of Variation to Remove Foreigners” […]
12/07/2019

How to legally murder a person in Australia, legal suicide

How to legally murder a person in Victoria Action films take murder lightly. With the use of a gun or a knife; a person’s life can end. Life goes on. In the real world, this is not the case. The right to die requires you tick many boxes. You need […]
05/05/2019

Australian pets in Wills

Pets in Wills I grew up with dogs, cats, birds and other pets. They are now an important part of our son’s life and development. Australia has one of the highest rates of pet ownership in the world. Over 62% of Australian households own pets. There are more than 24 million pets in […]
19/04/2019

Is your employee Mental Health Policy up-to-date?

Australian employers pay out over half a billion dollars each year for work-related mental health conditions.  For the first time, a State government has set out a code of practice for the mental health of fly-in-fly-out workers. Build on our website all the Policies you need to ensure you comply with this […]
14/04/2019

Is my Australian Will valid for overseas assets?

We are forever travelling. I spent two years with my wife and son to complete my doctorate in tax and estate planning in England. Many of us have insurance, real estate, bank accounts and pension funds overseas. When you build your Will on our law firm’s website, does it cover these […]