estate planning

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27/02/2017

Even a pre-1985 family home can be subject to CGT

  CGT Family Home – that does not seem fair Death and Probate Duties were abolished by 1981. However, in 1985 the Federal Government introduced Capital […]
07/11/2016

Mum dies, baby pays 66% tax

Parent dies leaving children under 18 – use of Post-Death Testamentary Trust In a perfect world, you build a 3-Generation Testamentary Trust in your Will. When […]
29/03/2016

Reversionary Pension to love child

Muriel’s husband died a few years ago. At 54 she fell in love again and was the oldest mother in her city. She called her love child […]
26/03/2016

Client was not well enough to make a Will – what happens now?

In March 2016 the Court created a statutory Will for a man who had suffered serious injuries in 2012. This resulted in ongoing short-term memory loss. He […]
19/10/2015

Court rewrites Will to save tax

Court rewrites Will to save tax Question: Our client is threatened by divorce. His dying dad is leaving everything to him. His dad has Alzheimer’s disease. […]
19/10/2015

Joint tenancy is old fashioned and dangerous

  Joint tenancy is old fashioned and dangerous   QUESTION: Please explain why you don’t like assets being held as joint tenants? As an accountant, I […]
15/10/2015

Estate Planning – New dangers

Estate Planning – new dangers When I started drafting Wills in the 1980s: 1. A lawyer had no obligations to the beneficiaries (only to the Will […]