Legal,Personal Finance,Trusts, Wills & Estates

Estate Planning in 2016

26 Jan , 2016  

family-3d

The start of the new year is the perfect time to think about the future and get your affairs in order particularly if your circumstances have changed. An estate plan helps you structure your financial affairs, not only for yourself during your lifetime but also for those dearest to you when you’re no longer here. […]

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Legal,Retirement,Small Business

Business Succession – the Legal Basics

3 Nov , 2015  

Screen Shot 2015-11-03 at 3.10.57 pm

Business succession planning is about planning for the future. It is about making sure that your family and employees won’t be left in the lurch is something happens to you. It is about planning for retirement, and planning for sudden illness, injury or death. It is about making sure your family will not be stressed […]

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Family & Divorce Law,Legal,Personal Finance

Family Trust Succession

3 Nov , 2015  

Screen Shot 2015-11-03 at 3.04.43 pm

I have written previously about the amount of wealth that the baby boomer generation has in small businesses in Australia, and that the transfer of that wealth will happen over the next 10 years as baby boomers retire. A significant number of family businesses are run in family discretionary trusts, so the control and succession […]

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Legal,Trusts, Wills & Estates

Charitable Trusts v Gifts to Charity

7 Sep , 2015  

Guide-Dogs-Charitable-Trusts-ProAdviser

Aussies give a lot to charity, and we’re proud of it. Giving to charity in your Will is a noble thing to do. Many charities rely on the bequests they get, and many well-known charitable trusts have been established by Wills. These include the Archibald Prize and the Miles Franklin Award. In addition, there are […]

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Investing,Legal,Property,Tips & Tricks

5 Celebrities Who Made it Big With Investing

4 Sep , 2015  

5 Celebrities Who Made It Big Investing (1)

  It’s not uncommon for celebrities to expand their work into other fields of interest. However, we usually expected them to make the majority of their money off what made them famous in the first place. Let’s take a look at 5 celebrities who made it big with savvy investments.   1. Dr. Dre: The Next […]

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Legal,Trusts, Wills & Estates

Providing for a Disabled Child

3 Aug , 2015  

Teddy-Bandaged-Children

Last month I wrote about vulnerable beneficiaries and protecting their inheritance – primarily gamblers, and people with a drug or alcohol problem. Although a disabled child could also be provided for under a protective trust or a discretionary trust, there are other trusts that might be better suited. Or, you could use a combination. Special […]

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Legal,Personal Finance

Is 50 Cent Actually Bankrupt?

20 Jul , 2015  

50 Cent Bankruptcy

40 year-old rapper Curtis James Jackson III, better known as his on-stage alias “50 Cent” filed for bankruptcy on 13th July 2015. It was a sudden move that no one expected since there was no indication that he was experiencing financial troubles. 50 Cent is more than just a rapper, he has been labeled a […]

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Legal,Trusts, Wills & Estates

A Case Study on Estate Proceed Trusts

1 Jul , 2015  

Estate-Planning-Lawyer

This case study will illustrate what an estate proceeds trust is, and how it can be used when the Will was a basic Will that didn’t set up the trust itself. In this example, Nicole’s husband Daniel has died in an accident. They have two primary school aged children, Michael and Melissa. Nicole and Daniel […]

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Family & Divorce Law,Legal,Trusts, Wills & Estates

Dealing with Vulnerable Beneficiaries and Protective Trusts

1 Jul , 2015  

Gambling-Addict-Image

In each family there is often a financially irresponsible child, but when it goes one step further and that child is a gambler, or has drug or alcohol problems, you will probably want to make sure that your child does not squander your hard-earned estate when they inherit it. Cutting them out of the Will […]

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Family & Divorce Law,Legal,Trusts, Wills & Estates

I have a blended family. Should I prepare an estate plan?

30 Apr , 2015  

Family-of-blenders

Did you know that one in three marriages ends in divorce? It’s really no surprise then, that the number of blended families in Australia is rising. A blended family (or a step family) is simply a family where one, or both, parents have children from a previous marriage. If you, or someone you know, are […]

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Legal,Trusts, Wills & Estates

5 Reasons Why I Should Appoint Guardians For My Children

28 Apr , 2015  

Legal-Guardians

If you have children, you can’t leave their future uncertain. Updating our Wills is usually the item on our ‘list of things to do’ that never gets done. Quite often, if our Wills aren’t up to date, or we don’t get the proper advice, and our Will doesn’t actually protect our children or our loved […]

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Legal,Trusts, Wills & Estates

Your Estate Planning Challenges

31 Mar , 2015  

Estate-Planning-Attorney

Enduring power of attorney – who can you trust? An enduring power of attorney is an extremely powerful legal document, so it’s not only important to have one but even more important to appoint the right person(s) for the job. An enduring power of attorney allows you to appoint someone you trust to make legal […]

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