Estate Planning Manual – escape death taxes, bankruptcy & divorce

At your death, your beneficiary’s inheritance is at risk from death taxes, Centrelink, bankruptcy and divorce. Working with your accountant and financial planner Estate Planning ensures that your estate goes to those you care about and not to the ATO and inlaws....

Drafting Div 7A Loans – ATO’s 4 concerns

The ATO has just audited my new client’s Div 7A agreement. It did not go well. Many Div 7A Loan agreements are not ‘commercial’ and therefore not valid based on 4 common drafting errors: The Div 7A Loan must be signed as a ‘Deed’ not as an ‘agreement’....

Why doesn’t your Employment Contract allow for specific Awards?

QUESTION: I am building an Employment Contract for my employee. She’s been with me for 6-years (hence the anxiety). I notice there’s no reference to the Award provisions under which she is employed. Does your Employment Contract override the Award provisions? Should...

Disaster with no employment termination clause

Q: Why put a termination clause in your Employment Contract: Brett, you strongly recommend termination clauses. We approached the website that normally prepares our Employment Contracts. They don’t use termination notices. I asked them why. They said they were...