Categories
Estate Planning
Who Can See Your Will After Death?
There is a broad class of people entitled to see a will once someone has died. The first step is to determine if someone fits within that group.
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Ensuring Your Pets Are Cared For After You Die
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.
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Have You Included Your Pets In Your Will?
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.
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Estate Planning for Rental Property Investors
Good tax planning should involve the inclusion of a testamentary trust as part of the estate plan. There are some little known tax concessions which executors should be aware of when it comes to these trusts and your principle place of residence which I have explained below.
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Medical Power of Attorney
Each state and territory has its own Power of Attorney (POA) and enduring guardian rules and requirements. Generally we expect that the legal systems work well enough to deal with documents prepared in different states of Australia, however there could be problems with POAs as the requirements for witnessing and signing documents differ in each state.
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Same Sex Marriage - Have You Updated Your Will?
How quickly things can change when we are busy living our lives! Hence it has prompted me to elaborate on some important changes of a little more significance regarding same sex marriage.
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Asset Ownership - it pays to get it right!
When we buy property or other assets we generally give little or no thought to the legal ownership of that asset. Often we are swept away “in the moment” and don’t consider the various options or legal implications that may arise in the future. No thinks to ask the question, have I purchased in the correct legal structure? Is there a better way?
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Death and small business CGT concessions
When a person dies, their assets are transferred to their legal personal representative (LPR) or are acquired by a surviving joint tenant, where the deceased owned those assets as joint tenants with another person. As there is a change of ownership a capital gains tax (CGT) event arises.
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