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e In Estate Planning , you have many ways of protecting yourself and your family. For example, in your Will, you can put in a Divorce Protection Trust and make Loans to Children while you are alive . However, while you are still alive, Enduring POAs and…
Just paying your employee as a casual is not enough. You need a complying Employment Contract . Is your casual employee: casual or permanent? Your answer affects: 1. paid leave 2. notice of termination 3. redundancy pay 4. public holidays 5. access to unfair…
At your death, binding death benefit nominations direct the superannuation fund to pay your superannuation and insurance benefits as set out in your nomination. The tax on superannuation at death is up to 32%. So your adviser will recommend putting a…
When your parents die, you have two years to sell their CGT family home. (A family home is usually tax-free, but not alway s.) If you sell the family home within two years of their death, then you do not pay any Capital Gains Tax. For example, your parents'…
A Special Disability Trust (SDT) is a creature of statute. It is highly regulated, restrictive, and costly to audit. Then, when the disabled person dies, the SDTs create significant complexity regarding tax and "vesting" rules upon the disabled beneficiary's…
Your children-in-law know you have money Your child’s spouse knows your family has money. They wait. They tolerate the marriage a little longer. You die. Your child receives the inheritance. Then the separation starts. Without protection in your Will, your…
Start building for free Protecting a vulnerable child When you build your Wills on our website you are asked for the general Age of Majority. You may have selected 18, 21, 25 or some other age. For this question, you may wish to set a different Age of…
A Will is valid until the Will-maker intentionally revokes it. The Will-maker must be of sound mind to revoke a Will. A person holding a POA for the Will-makers cannot destroy a Will. Or rather, a person holding your POA can not revoke your Will. What happens…
