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
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
I have previously written about ASIC commencing penalty proceedings against CBUS Super Fund in news titled It’s About Time… and It’s On Again In the penalty proceedings, ASIC alleged CBUS failed to act efficiently when CBUS handled claims being made for Death...Read More
