How ‘diverse’ are you, really?
Advocating for diversity makes sense for a minority view trying to get a foothold or survive in a sea of opposition. Diversity and tolerance protect the little guy. But once a foothold is established for our idea, we tend to become a lot less tolerant and accepting of true diversity of opinion on the issue.
What happens to the family pet when your relationship ends?
Whether you bought your pet with your partner or owned it before the relationship began, it’s difficult to agree to whom the pet should belong if your de facto relationship or marriage ends.
Is your PPSA registration expiring soon?
If the expiry of registration of your ‘security interest’ on the Personal Property Security Register is coming up soon, you need to act quickly. We guarantee you won’t remember to deal with this when in the days leading up to the expiry date.
Are testamentary trusts still ‘tax effective’?
Let’s get some perspective on this issue. What are the potential ‘tax benefits’ of including a testamentary trust in your Will? Further, what would happen if these ‘benefits’ were not available?
Presentation: PAFs – November 2022
Please find below a copy of the slide deck for our presentation on Private Ancillary Funds in November 2022 For further information about the issues raised in this Seminar, please contact us on 1300 654 590 or by email. To download our slide deck, enter your email below. [et_bloom_locked optin_id=”optin_67″] Download here [/et_bloom_locked] We are […]
It’s not always easy passing wealth to the next generation
When it comes time to make an Estate Plan, most people have at least some idea who they want to give their wealth to. In many cases, they first want to give it to their partner, and then after their partner dies, they want to share it equally among their children. This is what we call the ‘standard’ or default choice.
For families with considerable wealth, there is one more ‘layer’ of planning you must consider. This is the scenario if one of your children dies, either before or after inheriting.
Once again, there tends to be a default in this scenario, that is, the children of your child (i.e. your grandchildren) will take their parent’s share. In this manner, the wealth passes down your ‘family’s bloodline‘.
This sounds simple and appropriate, but it does raise several critically important issues – that justify more thought.
Farm Trusts | Stamp duty relief on farm transfers in South Australia
A farm trust is a discretionary trust that is used to own land for primary production while also providing flexibility so the property can eventually be transferred to other family members. Asset protection, tax efficiencies, and ‘controlled succession planning’ are the key benefits of a farm trust.
Lost or destroyed Trust Deeds
Have you lost your trust deed? In this article we explain what you can do about it.
Are there ever ‘good’ reasons to hide assets?
Why would someone want to hide their assets? If you are an oligarch, the answer is obvious – you don’t want a hostile foreign government freezing your bank account or seizing your super yacht or villa on Lake Como. If you are an ordinary person, you may merely want privacy and protection against third party […]
Andrew Andreyev chats with Tony Catt about family succession and conflict
If you are a family advisor or you are personally thinking about how you can keep family harmony in check when the next generation of your family steps up to the plate, this episode is a must-listen for you.