Cyber security alert: Critical Information for Funds Transfers
Recently, individuals across Australia have faced financial losses due to hackers impersonating law firms or other parties involved in legal matters. These cyber criminals…
Business Succession, Estate planning, Testamentary trusts, Wills
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…
Business Succession, Estate planning, Testamentary trusts, Wills
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…
Business Succession, Estate planning, Superannuation
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…
Business Succession, Estate planning, Superannuation
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…
Estate planning, Superannuation
What is a superannuation proceeds trust?
A superannuation proceeds trust is a type of testamentary trust that can assist to save tax if your superannuation death benefits (including any life…
Business Succession, Estate planning, Superannuation, Testamentary trusts
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…
Business Succession, Estate administration, Estate planning
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…
Business Succession, Estate planning
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…
Business Succession, Estate administration, Estate planning
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,…
Business Succession, Estate planning
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…
Estate planning, Testamentary trusts
Who will benefit from including a testamentary trust in their Will?
If you tick any of the following boxes, then you should consider using a testamentary trust in your will: There are a few more…
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.
