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,...

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 I mention my Family Trust in my Will?

Family Trust and Wills Family Trusts vs Wills – never the twain shall meet Family Trusts have nothing to do with Wills. And Wills have nothing to do with Family Trusts. They have separate laws and tax rules. A Will gives away what you own. In contrast, you...

What happens to mortgages when I die?

  Q: What happens if, when we die, there is still a mortgage attached to the properties? If we were to die soon, each house would have a $400k mortgage. Most of this ($300k) could be cancelled out using the equity from our primary residence, but what happens if...