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Business Succession

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Category: Business Succession

Estate planning for your related entities
If you have a business, company, family trust or SMSF, estate planning usually includes preparing a written estate plan to help you and your…
What is estate planning?
Estate planning is about developing a strategy to ensures that your assets are distributed according to your wishes. A comprehensive estate plan will ensure…
Tax treatment of superannuation death benefit payments
What are superannuation death benefits? Superannuation death benefits payments consist of the member’s super balance (less any appropriate charges and taxes) plus any life…
Gifting your superannuation benefits when you die
Despite common misconceptions, your superannuation doesn’t automatically form part of your estate when you die. Superannuation death benefits are held by the trustee of…
What is a binding death benefit nomination (BDBN)?
If you assumed that your superannuation death benefits are automatically gifted to your loved ones under your will, you wouldn’t be alone.  However, it’s…
How to make a succession plan for your trust
There are several options available for replacing a deceased or incapacitated controller, however all are dependent on what the trust deed for your particular…
What happens to your family trust when you die or lose capacity?
The assets owned by trusts do not form part of your estate and are not dealt with under your Will. You can’t use your…
What are the benefits of a family trust?
You may need a refresher on why you set up your family trust in the first place. It was probably because family trusts offer…
What happens to your family trust after you die?
If you assumed that the assets in your family trust are gifted to your loved ones under your Will, you wouldn’t be alone. However,…
How your family trust works
Trusts work by separating control of the assets held in the trust from the right to benefit from those assets. All trusts are unique…
Our plain-English guide Help with the difficult questions so you can stop procrastinating and make your Will has comprehensive and practical guidance to help you get your affairs in order.