In small business, a key asset protection strategy is to set up an investment trust outside of your main trading trust.
This investment trust is what buys your investment property.
You need to do this because you cannot have it in your name as the director of the company who is running the business. This is far too risky in a litigious society.... read more
Don't let your beloved pets end up in a homeless shelter. Take action now to make sure that after your death, your pets will be safe and loved.... read more
Most people consider their pets to be a part of the family. In this case, a pet should be treated like so when you pass away. But, most Australians forget to include those with furry, hairy, feathered or scaled appearance in their will.... read more
Making your own will may sound like a good idea in theory, but the reality is that it might not count for anything in the end. Here are the most common issues associated with home-made will kits.... read more
Our multi-millionaire clients all have five things in common. If you plan to boost your bank account to seven or eight figures, read on.... read more
When a couple breaks up, there are a lot of things to deliberate. Where are you going to burn the romantic photos? Who gets to keep the slow cooker? How quickly can I get that ring up on Gumtree? Most importantly, what happens to the house…?... read more
Purchasing a home and having a child are two of life's most stressful events. What on Earth happens when both are occuring at the same time?!... read more
They say that two things in life are inevitable – death and taxes. This doesn’t mean that the two have to happen at the same time. Generally where there is a change of ownership in small business, a CGT event is deemed to have occurred which may result in a capital loss or taxable gain. When a person dies, their assets are transferred to their legal personal representative (LPR) or are acquired by a surviving joint tenant, if one exists, and as such the Capital Gains Tax rules apply.... read more