Do Marriage and Divorce revoke your Will?

Getting married? Does it affect your Will? Usually, marriage revokes your Will. Marriage cancels, nullifies and destroys your current Will. Therefore, if you die as you leave the church you die without a valid Will. You are intestate. In all Australian States and...

Replace Australian Lost Company Constitution

Replace Lost Company Constitution $445 includes GST Start for free Checklist Replace a lost Company Constitution on a law firm’s website Lost your company constitution? Build a replacement company constitution on our law firm’s website. You get: law firm...

Can a POA act for a trustee?

  Can a Trustee delegate its authority? Can a POA act on the trustee’s behalf? A human Trustee can not outsource the job of being a trustee to another person. Even if that other human holds a Power of Attorney for the Trustee. The position is different for...

Bankruptcy Trust in Wills

  Bankruptcy Trust in Wills Put a Bankruptcy Trust in your Will to protect your spouse, children and beneficiaries. The Bankruptcy Trust protects your beneficiaries if they go bankrupt before or after your death. When you die you give your assets to your spouse and...

Financial Planners witnessing POAs prepared by Legal Consolidated

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...

Journal Entries are not Loan Agreements: Chadbourne v FCT.

Journal entries are not Loan Agreements: ATO Commonly Dad borrows money cheaper than his trust. In this recent case, Dad borrows money from the CBA and gives it to his trust. Everything goes wrong. In Chadbourne v FCT [2020] AATA 2441: the taxpayer, Mr Chadbourne,...