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Reversionary Pension Binding Death Benefit Nominations – which is best?

  How does a Reversionary Pension work with a Binding Nomination? When managing your superannuation for the benefit of your heirs, especially involving vulnerable beneficiaries, combining Reversionary Pensions, Binding Nominations, and the strategic use of a...

Bankruptcy v Family Court: Navigating Creditor Rights

Legal Consolidated does not practice in Family Law. However, as taxation and superannuation lawyers, we were asked to prepare a paper for a family law conference. This was the conflict between bankruptcy and the Family Court. This article is an adaptation of that...

Do Australian Expats needs tax-effective Wills? An Estate Planning Guide when living overseas

Do overseas Australian Expats need a tax-effective Will and POA? I completed my doctorate in succession with my wife while living in London, I have firsthand experience of the allure and complexities of living overseas. Today’s globalised world tempts many of us with...

Best Practices for Trusts and Companies when borrowing money from a bank: essential tips

Using Trusts for Property Loans Trusts are often used to protect assets, reduce taxes, and plan for the future. The main types of trusts for loans are 3-Generation Testamentary Trusts in Wills, discretionary trusts (family trusts), unit trusts, self-managed super fund...

Do I mention my Family Trust in my Will?

Family Trust and Wills Family Trusts vs Wills - never the twain shall meet Family Trusts have nothing to do with Wills. And Wills have nothing to do with Family Trusts. They have separate laws and tax rules. A Will gives away what you own. In contrast, you don't 'own'...

What happens to mortgages when I die?

  Q: What happens if, when we die, there is still a mortgage attached to the properties? If we were to die soon, each house would have a $400k mortgage. Most of this ($300k) could be cancelled out using the equity from our primary residence, but what happens if...

Do I update Wills, POAs and legal documents when addresses change?

1. Address changes after I sign my Will and POAs? An advantage of Legal Consolidated Wills, POAs and all our legal documents is that if: your address changes in your Wills, POAs or any other legal documents; or the addresses change for your executors, beneficiaries,...