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A Legal Consolidated 3-Generation Testamentary Trust Will is full of choices. The Will maker does not know what the beneficiaries, assets, tax laws or family circumstances are on the day they die. A spouse who is financially secure today may face different…
If it becomes law, the introduction of the Division 296 tax regime will target some individuals with superannuation balances over $3 million. This so-called Better targeted superannuation concessions Bill applies to all members of SMSFs, APRA industry and…
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 beneficiary of that trust. The Australian law…
When you build your company on Legal Consolidated's website, ASIC assigns your new company a unique, nine-digit number. This is its Australian Company Number , or ACN . Think of it as your company's unique identifier; it stays with the company for life. Under…
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 to…
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 of a POA being accepted, they…
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 shop, leading them to sign a "Retail Shop lease" when it is not required.…
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 Testamentary Trust Will. Shand v Chief Commissioner of State Revenue (NSW) [ 2025] NSWSC 818…
