We are all going to pass away but is it possible to escape some of the recently announced tax reforms as we depart this world? My last article addressed the Federal Budget plan of a proposed 30 per cent minimum tax on Discretionary Trusts, and the possible inclusion...Read More
Recent federal budget discussions about trusts have sparked debate around Testamentary Discretionary Trusts (TDTs). While the name sounds complicated, many people include these trusts in their Wills to protect children, grandchildren, and inherited assets. However,...Read More
Queenslanders may soon notice a familiar feature returning to their driver licences – the option to record their decision about organ donation. Years ago, driver licences included a marker showing whether a person intended to be an organ donor. That system was...Read More
The Qld Supreme Court recently provided a reminder of the importance of having your Will drawn by lawyers. The deceased, who was very “careful” about spending money, didn’t see a lawyer to prepare her Will, but her long standing accountant. The deceased also held a...Read More
Queensland has recently passed new trust laws designed to solve the surprisingly common problem of what happens when the person managing a family trust loses capacity. Many families use trusts to hold assets such as investments and property. Currently, if a person is...Read More
You might recall my previous article about whether a digital note saved on an iPhone by a Mr Colin Peek – a multi-millionaire – was his will. If it was his will, Colin’s estate would be received by a long term friend, his cleaner and his long term...Read More
