When your parents die, you have two years to sell their CGT family home. (A family home is usually tax-free, but not always.) If you sell the family home within two years of their death, then you do not pay any Capital Gains Tax. For example, your parents’...
Special Disability Trusts: Avoiding Centrelink Deprivation Rules Unless you are specifically trying to avoid the Centrelink Deprivation Rules, a Special Disability Trust is often a complex administrative burden. A Special Disability Trust (SDT) is a creature of...
Your children-in-law know you have money Your child’s spouse knows your family has money. They wait. They tolerate the marriage a little longer. You die. Your child receives the inheritance. Then the separation starts. Without protection in your Will, your estate...
Protecting vulnerable children in Wills Training Course Building 3-Generation Testamentary Trust Wills online with Adjunct Professor, Dr Brett Davies FREE Start building for free Checklist Protecting a vulnerable child When you build your Wills on our website you are...
A ‘lost’ Will is not automatically a ‘revoked’ Will – lost vs revoked A Will is valid until the Will-maker intentionally revokes it. The Will-maker must be of sound mind to revoke a Will. A person holding a POA for the Will-makers cannot...
Family Trust succession planning Many assets do not go into your Will at death. These assets do not go into your Will: Joint tenancy Superannuation (unless you have a binding nomination) Cross-owned insurance Family Trust assets (except for loan accounts and Unpaid...
