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 […]
24/06/2016

Lending to a child? Build Loan Agreement – get back your child’s loan if they divorce

Lending to a Child: Dad loses money when his son divorces The evils of the Presumption of advancement The Australian presumption of law is that where a husband transfers property to his wife or his children then, in the absence of other evidence, the Court presumes that the transfer was […]
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 dead Trustees from your SMSF

Removing Trustee and Members from your SMSF [otw_shortcode_button href=”https://www.legalconsolidated.com.au/smsf-trustee-and-member-update/” size=”large” icon_position=”left” shape=”round” color_class=”otw-orange”]Update your SMSF Trustee, Member and Deed[/otw_shortcode_button] 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 […]
09/05/2016

Build Codicil online to Remove Public Trustee from your Will

Remove Public Trustee but keep the ‘free’ Will – build Codicil online A nice person, from the government, gave me a ‘free’ Will Did the Public Trustee make your spouse and children the Executors? Did they then quietly slip in the “Public Trustee” as an Executor as well? As Executor, […]