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...
You can update your online Legal Consolidated 3-Generation Testamentary Trust Wills and POAs for free. As often as you wish. 1. Log back into: https://www.legalconsolidated.com.au/ 2. Go to Your Documents (under “Home”) 3. Email the Invoice...
The Dangers of “Exotic” Powers of Attorney Sometimes clients want to add additional clauses to their POA. These additions backfire and increase the risk that banks, land titles offices and government agencies will reject your POA. Instead, to have the highest chance...
Commercial vs Retail Shop Lease: how to escape the Retail Shop lease straitjacket A costly mistake is entering into a Retail Shop lease when you do not have to. Sadly, a Landlord may own a property that looks like a shop and rent it to a business that feels like a...
No free ride for beneficiaries buying assets out of the deceased estate: Shand v State Revenue Beneficiaries often receive assets from a deceased estate without paying stamp duty, but is that always the case? This is especially true if they have a 3-Generation...
Non-Delegation in Wills: Why a Will Maker must give clear direction on how to distribute wealth in their Will In estate planning, clarity and specificity are essential. A Will maker must personally state their intentions in the Will to ensure their estate is...
