Are Family Trusts replacing Self-Managed Super funds?

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20/07/2016

Are Family Trusts replacing Self-Managed Super funds?

Are Family Trusts replacing Self-Managed Super funds? We are seeing a renewed interest from professionals for Family Trusts. Family Trusts built on our website have surged 38% in the last 12 weeks. Conversely, SMSFs have dropped by 23%. On speaking with professionals it appears that clients are losing confidence in […]
20/07/2016

Charity v Son – Dad’s Will challenged

Charity v Son – Dad’s Will challenged Dead Zopito Di Cesare left everything to charity. His son, Ivano Ferrante last week filed a Supreme Court writ against the charities.  Usually, a son argues that he wasn’t getting enough out of his Dad’s Will and asks the court to rewrite the […]
20/07/2016

Stop your Will being challenged with a Considered Person Clause

Who can challenge a Will with a considered person clause? Each States’ Family Provision Act sets out who can challenge a Will Courts are reluctant to interfere with your Will. However, legislation exists in all Australian States and Territories: New South Wales: Succession Act 2006 (NSW) Victoria: Administration and Probate Act […]
03/06/2016

Is one boy worth two girls?

Fatma is a loving and devout daughter to her mum. However, under her brother’s interpretation of Muslim law, one man is worth two women. Fatma’s brothers constructed a Will for their mum to sign whereby they got twice as much as their sister. The Supreme Court said that Mum was […]
24/05/2016

How to remove evil and dead Trustees from your SMSF

Removing Trustee and Members from your SMSF   There is a good reason in wanting to share your SMSF with others such as your spouse, children, in-laws and business partners. After all, they are expensive to operate and to have the cost divided by up to 6 people makes it […]
18/04/2016

Asset Protection strategies

Asset protection is a philosophy and way of life Asset protection is a lifetime pursuit. Asset protection is an ongoing journey. If you are truly ready to start the journey your life changes. Everything you do is tested against the best practice of asset protection. Work through this webpage. You […]
18/04/2016

The most tax effective Business Structures

I want to run a business. What is the best business structure? These are the building blocks of a business structure:  company – in trade in its own right company – as trustee of a family trust company – as trustee of a unit trust family trust – where there […]
18/04/2016

Business Succession Planning Manual

Business Succession Planning – Buy/Sell Agreements The importance of Business Succession Planning: there are approximately 2 million small businesses in Australia. Many such businesses operate with more than one owner who together may manage the small business. An owner may die or suffer from a disability and be unable to continue to […]