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Family farm structures for succession and tax. Protect your intergenerational legacy and inspire children.

Do you worry about how your farm continues after you hang up your boots? Farming is more than a business. It is a way of life, a heritage handed down through generations. At Legal Consolidated, we provide legal documents to ensure that your life’s work flourishes and...

Trusts restricted to your bloodline to stop inlaws, family and bankruptcy courts

Setting up a trust so assets only go to children, grandchildren and direct bloodline descendants As tax lawyers, clients instruct us to set up structures to stop the loss of wealth to the: family court divorce protection trusts in Wills bankruptcy trusts in Wills...

Family Trust update to Exclude Foreign Persons

Family Trusts owning land suffer additional stamp duty and land tax. This is because states believe all Family Trusts have foreigners. Build this Deed of Variation to exclude foreigners to stop the penalty taxes. Foreign person surcharges are additional taxes levied...

Forgive debt to get Centrelink

Deed of Debt Forgiveness $440 includes GST Start building for free Checklist Use a Deed of Debt Forgiveness to Qualify for Centrelink Benefits before you retire Is being owed money an asset that is means-tested for Centrelink? As you approach retirement,...

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...