Special Disability Trust – Solution Brief
This Brief outlines the structure, use, eligibility requirements and benefits of Special Disability Trusts
Can the trustee of your discretionary ‘family’ trust make a distribution to itself?
The short answer is that it depends on whether the trustee first falls within the class of potential beneficiaries, and then whether the trustee is specifically excluded from benefiting.
What is a Testamentary Trust and why would I need one?
When you give an outright gift to someone under your Will, the beneficiary receives the gift from your executor, with no strings attached. The beneficiary can do what they like with it. If you impose any rules on the gift, then you have effectively created a ‘testamentary trust’, and things get a little more complicated.
Dealing with employees as part of a business sale
Dealing with employees and their entitlements as part of a business sale or acquisition is not straight-forward. There are plenty of traps and tricks for the uninitiated. Find out what you need to know.
Who gets the farm?
Do you have the right to determine who inherits your farm? The short answer is ‘not necessarily’, but there are things you can do to increase the chances of your wishes being upheld.
Making a Claim for Executor’s Commission in SA
Taking on the role of Executor of a deceased estate can be daunting, time consuming and more difficult than you anticipated!
Who gets to choose who goes on your board?
Most people think the directors of their company are appointed by a majority of shareholders. But often this is not the case. Discover the full picture.
Employers guide to managing sexual harassment in the workplace
Sexual harassment can cost a business dearly in terms of lost productivity, staff turnover, recruitment costs, legal fees and court awarded damages. Two recent court cases have shown us that courts are now prepared to make increasingly large awards to compensate victims of sexual harassment. Here we give you the tools to identify sexual harassment in the workplace, and provide the steps you need to take to prevent it.
‘Tag-along’, ‘drag-along’ and other strange rights
When you first read these clauses it isn’t always clear what they are trying to achieve, and why you would include them in your Shareholders Agreement (or Constitution).
ATO discrimination – plain and simple
Will all business owners be required to return profits from their businesses as personal services income if they are involved in the business? Will they be required to earn a ‘market wage” (whatever that is)?