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In estate planning, clarity and specificity are essential. A Will maker must personally state their intentions in the Will to ensure their estate is distributed as desired. Delegating these decisions to another party without clear instructions leads to legal…
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…
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 spendthrift and vulnerable children in Wills Centreline Special Disability Trusts Another…
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…
Start building for free Checklist As you approach retirement, managing your financial affairs is crucial. This is to maximise government benefits such as the age pension. A common scenario involves shareholders in a company—such as a couple nearing pension…
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 Superannuation Testamentary Trust can optimise tax outcomes and…
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…
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…
