Estate Planning Through Superannuation
An old presentation that has relevance today, a presentation given to the Taxation Institute by Craig Dangar. This presentation covers: taxation treatment of superannuation upon death beyond superannuation – what next? strategies available death benefit nominations and rules how iron-clad are they? what needs to be done to set one up?
Superannuation and death – recent decision
Recent Case You may have seen in the news last year that an Australian father who was in the Defence Force unexpectedly passed away, leaving behind two young daughters. The father had a relatively new girlfriend at the time of his death and signed a statutory declaration in 2014 stating that his girlfriend was his […]
C&D Estate Planning Solutions
Working closely with our associated solicitors we offer a comprehensive tax based estate planning solution for professional firms. We pride ourselves on advanced advice which aligns with the overall needs of your clients. The estate planning solution looks at the ultimate tax outcome, focusing on the longevity of a tax structure and assuring this aligns […]
Rural motels and the decline of asset values
We have focused on late on the accommodation marketing in country towns and what is appearing to be a rapid decline in the value of these assets. Some of the core indicators that things are going bad are: Number of premises for sale Room rates are not increasing Failure or disappearing large chains Quality of […]
Best decision of my life
We received a letter recently from a client we assisted move into bankruptcy, as background he had been unsuccessfully running a franchised business for five year, paying $2,500 a month in franchise fees to be a handyman, he had not made any money for three years and not drawn a salary since 2016. “Hi Craig, […]
Why is a will important
The NSW Trustee and Guardian estimates that at least 45% of individuals have not yet made a valid will, and it has been claimed that 60% of Australians die without a will. What is a will and why is it important? A will is a legal document that clearly states how you want your assets […]
Delusions of Recovery or Turnaround
An oft heard statement is “things are just about to turnaround”. For some business owners this is just an attempt to stave off the inevitable or to buy some more time, but for what end? If there is an expectation of things turning around what is the basis for this, we assisted a hospitality owner […]
But my Credit Rating!!?!
In dealing with your financial position there is often a concern over your existing credit rating and what the impact of a restructure will be. We recently assisted a business owner that had a judgement as well as four default listings for the business and was on the precipice of bankruptcy, the concern was being […]
Max Brenner and retail pressures
Recently Max Brenner appointed an administrator and is now looking to shut the majority of stores and sell the balance, how did it all go wrong and what could be done to protect against it. Rents A fundamental cost for business is keeping the doors open, and your shop is paying rent 24 hours per […]
The Basics of Estate Planning
What is estate planning? Estate planning involves developing a plan to deal with your assets after you die which covers taxation, division of assets, control and family businesses and asset protection. What is estate? Estate can include anything from your car, home, bank accounts, investments, personal possessions and other things such as businesses, life insurance […]
