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Many Australians operate businesses or hold assets in family discretionary trusts. The trustees of the trust can be individuals or a company. If the trustee is a company, its directors are often the primary beneficiaries of the trust.
Many Australians are also setting up Self-Managed Super Funds (SMSF), which are a special form of trust....
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Noel Whittaker, a leading finance expert with over 25 years experience and the author of 17 bestselling books, recently wrote an article in the Newcastle Herald (22/11/2012) about the complexities involved in having an Enduring Power of Attorney (EPA). In the article he goes on to explain why it’s vital to seek advice from a lawyer who...
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Guardians of Children
Drafting a Will for the parents of young children raises the issue of the appointment of guardians for those children.
Barry and Barbara have two children aged 7 and 4. Their life is dedicated to raising their children. It was an emotional journey to have to consider being absent from their...
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The Cost to Guardians
Tim and Tina were killed in a motor vehicle accident. They had 2 children aged 6 and 4. In their Wills they had appointed Tina’s brother and his wife, John and Joanna, as guardians of the children.
John and Joanna knew that they weren’t bound to accept the appointment and responsibilities but did so...
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SUPERANNUATION CONTRIBUTIONS
The Australian Taxation Office (“ATO”) has released the superannuation contributions caps for the 2012/2013 year which we have set out below. In this article we explore the types of contributions that can be made to superannuation and the caps that set a limit on the amount of...
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