A UPE is not a 'Loan' for Div 7A Purposes: Bendel and FCT [2023] AATA 3074 Bendel and FCT - the ATO loses with egg on its face Bendel and FCT [2023] AATA 3074 sheds light on the treatment of Unpaid Present Entitlements (UPEs) under Division 7A of the Income Tax...
Amending a Testamentary Trust after the Will Maker Dies In Australia, the legality of altering a testamentary trust after the Will Maker's death can be intricate. It's essential for both Will Makers and potential beneficiaries to comprehend the rules and...
Professor Davies declares NSW electronic Will signing law a failure NSW has been careless and reckless in its failed attempt to allow people in NSW to sign Wills electronically. As of 22 April 2020, in NSW, video conferencing technology like Skype, WhatsApp, FaceTime...
What happens to my HECS Debt when I Die? The executor of your Will lodges all outstanding tax returns. This is up to the date of your death. If the Notice of Assessment includes a compulsory HECS debt repayment, your Executor pays it out of your estate. Apart from...
When it comes to wills for blended families, there are two main approaches: 1. Leave everything to my second spouse You leave everything to their second spouse. Once both of you die, a portion of the inheritance goes to your family, and the remaining portion goes to...
Were you of sound mind when you signed your Power of Attorney? In the intricate web of Australian law, few legal matters carry as much significance as the capacity to create enduring powers of attorney (EPOAs) and the capacity to revoke them. These legal instruments...
Written by Barbara Smith AM, Dr Brett Davies, Dr Ed Koken I am honoured to have joined forces with well-known and award-winning authors Barbara Smith AM and Dr Ed Koken to produce the fully revised book: Self Managed Superannuation Fund Guide. This practical, plain...
Who owns my company at death? At death, your shares go into your Will. Your shares are part of your assets. Your executor in your Will looks after the shares and the company. The executor does this in the best interest of the beneficiaries named in your Will. The...
