A son works on a farm for three decades. His father makes him a promise. You get the farm. But the father’s Will gives the land to his other children. The son sues the estate. The court upholds the Will. The son loses the farm he worked his whole life to build....
You must decide how to distribute your Family Trust’s income before 30 June each year. Documenting this decision after the fact is not just poor practice. It is a crime. The Australian Taxation Office (ATO) now actively looks for backdated documents. It has the...
A 3-Generation Testamentary Trust is a sophisticated and highly flexible estate planning tool designed to provide significant tax advantages and robust asset protection for your family across multiple generations. This comprehensive guide outlines what these trusts...
Navigating the New Superannuation Landscape: Reversionary v Non-Reversionary Pensions If it becomes law, the introduction of the Division 296 tax regime will target some individuals with superannuation balances over $3 million. This so-called Better targeted...
No one told me I was a beneficiary of a trust! You might be a beneficiary of a Family Trust and not even know it. It does not matter if you have never received a cent from the trust. If you are named in a class of beneficiaries (e.g. all cousins), you are a...
