Family & Divorce Law,Legal,Personal Finance

Family Trust Succession

3 Nov , 2015  

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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

A Case Study on Estate Proceed Trusts

1 Jul , 2015  


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  


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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Legal,Trusts, Wills & Estates

Appointing an Executor of Your Will and Trustee of Your Estate

31 Mar , 2015  


An executor is the person you appoint in your Will to administer your estate after you die. They are also known as your legal personal representative, and their role converts to the trustee of your estate, particularly if any of your estate is to be held for a beneficiary. It is very important who you […]

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Legal,Tax,Trusts, Wills & Estates

Death & Taxes: The Absolute Guarantees in Life

1 Mar , 2015  


Death and taxes: often described as the two absolute certainties in life. But what happens when you die, and what taxes are payable? For now, in Australia, there is no death duty or tax payable when someone dies. We are lucky, since in other countries their death duty is often a significant percentage of the […]

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Legal,Trusts, Wills & Estates

All About Testamentary Discretionary Trusts

30 Jan , 2015  

Concentrated mature couple with bills and calculator at home

A testamentary trust is technically any trust (click here to read my last article which explains trusts) that arises after you die, based on your Will. It could be a minor’s trust, a life interest, or a more complex trust that could benefit your children throughout their lives. But when you hear people talk about “testamentary trusts”, […]

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Small Business,Tax

The Best Tax Structure For Your Small Business

28 Dec , 2014  


This is a complex area, because there are many forms that a trust can take. So I wanted to give you a basic overview of trusts and the family trust in particular. A family trust can be very useful for running a small business, or having your investment portfolio including real estate investments in the […]

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Family & Divorce Law,Legal

How Much Will My Divorce Cost?

29 Apr , 2014  

Just Divorced Car - ProAdviser

There is no question that a divorce can be expensive.  The legal battles are only part of the issue, because there are some potentially expensive changes to each partner’s financial status that come as a result as well.

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