A dummies guide to unit trusts
Not all unit trusts are created equally. Make sure you get the right unit trust to suit your purposes.
Six ‘danger zones’ where an accountant should involve a lawyer
Our business clients are facing increasing complexity and higher risks in almost every area of their business life. Navigating these waters requires a team of professionals who work well together, and serve the client’s bests interest as a cohesive group. At the very least, every business owner needs a lawyer (of course!), an accountant, a […]
What happens in South Australia when an executor loses mental capacity?
What happens if the executor of an estate or trustee of a testamentary trust loses mental capacity?
Who owns the IP?
So, you’re running a business and need to develop a system to identify trends in customer activity on your website. You’re about to hire a software engineer to lay some code, and the question of who will own the IP comes up in your negotiations over the Software Development Agreement…
What happens in South Australia to jointly held assets if you and your spouse die at the same time?
Do you remember the scene in Titanic where an elderly husband and wife choose to perish together rather than be separated? The couple were Ida Straus and her husband Isador Straus, Macy’s department store co-owner. Hankies aside, this story is interesting from an inheritance law perspective because it raises the question of what happens to […]
Does your Trust Deed get the best tax outcome?
The specific terms of your trust deed can mean you will either save or lose money in income taxes. It is important your deed is up to date and gives the trustee all the powers it needs to optimise the trust’s tax position.
Do your Trust Minutes avoid the ‘tax trap’?
The main thing to remember is that trusts can only ever distribute trust law income, as it is defined in the trust deed.
When do you need to have your trust distributions minutes prepared by?
It’s almost 30 June. Have you done your trust distribution minutes?
What are your rights when your de facto partner dies (in SA)?
Do you have the same rights as people who are married? For example, to share in your partner’s estate, challenge their Will, get damages for wrongful death, claim super benefits, etc? The short answer is, yes, but…
What happens to my business in a divorce?
So you own a business and are embarking on divorce! Not a great combination… Find out what issues you are likely to face, and how you can develop an effective strategy to keep it all together.