Conversations about estate planning
The role of a practitioner is to identify and address issues in the affairs of a client, but the conversation about estate planning is one that many put off until too late. How does the conversation start? Understanding your client and how they are operating is a key starting point. In looking at their business […]
Early access of superannuation
There are a few ways that you can access your superannuation prior to retirement, we cover most of these. Before exploring options to access your super, it is important to consider both the tax implications and whether you have the right to access your superannuation early. Super balance under $200 You can access your preserved […]
Business succession planning
You’ve run your own business successfully and now it’s time for you to leave. What now? According to Forbes, succession planning has been defined as the number one responsibility of board members, however only 14% of directors had a detailed succession plan in place. A succession plan outlines who will take over your business when […]
What is an appointor?
An Appointor has one key job, which is to appoint and remove Trustees of a trust. The Appointor will also usually have other powers such as the ability to refuse certain actions by the Trustee with issues like amending the trust deed, changing the vesting date of the trust and changing beneficiaries of the trust. […]
Basics of a power of attorney
What is a power of attorney? A power of attorney is a legal document that nominates and gives authority to another person to make personal/financial decisions on your behalf. Personal decisions such as your health care and welfare can be made by your Power of Attorney, as well as financial decisions such as the paying […]
Dying without a will (Victoria)
What happens if I die without a will in Victoria? If a person dies in Victoria without a valid will, they are said to have died intestate. This can cause a range of issues as you have no control over who benefits from your estate, no control over who administers your estate and disputes can […]
Dying without a will (QLD)
What happens if I die without a will in Queensland? In Queensland, if you pass away without a will in place, you are considered to have died intestate. Therefore, the next of kin (usually a spouse or de facto partner) is given the role of administering the deceased’s estate. This cannot occur until after the […]
Dying without a will (NSW)
What happens if I die without a will in New South Wales? If you die in New South Wales without a will, you are considered to have died intestate. Usually, a grant of Letters of Administration will then be applied for, and your estate will be passed on to eligible relatives as per the Succession […]
Basics of shareholder agreements
You are not legally required to have a shareholder’s agreement, but the chances of you encountering problems and disputes are very high if you don’t have one in place. Why do I need a shareholders agreement? A shareholder’s agreement is a binding contract that is negotiated by the shareholders of a company which controls their […]
Working with our estate planning solutions
Finding a commercial team to assist you in developing an estate planning offering can be a minefield. Ensuring that the tax outcomes are maximised to the detriment of the succession plan or alternative tax is not considered to be a core component of the proposal put forward. We are different. Working closely with our aligned […]
