by Asha Hudson | Oct 2, 2018 | Client Access
WHAT IS A TESTAMENTARY TRUST? Testamentary Trusts Testamentary Trusts are a commonly used and valuable estate planning tool. When used effectively testamentary trusts offer a number of advantages in terms of asset protection and tax efficiency. What is a testamentary...
by Asha Hudson | Oct 2, 2018 | Client Access
WHAT IS A CHILD MAINTENANCE TRUST? A Child Maintenance Trust is a way for separated parents to pay less tax and satisfy their child maintenance obligations at the same time. Basically, you place income producing assets into the trust. The income generated in your...
by Asha Hudson | Oct 2, 2018 | Client Access
THE KIDS ARE ALL RIGHT An opportunity exists to provide children with the equivalent tax benefits of a testamentary trust, even when no provision was made for one in the parent’s will. The tax law allows for the establishment of a similar type of trust for...
by Asha Hudson | Oct 2, 2018 | Client Access
MAKING A WILL A recent article in The Australian newspaper highlighted the 10 most common mistakes in making a will, as follows: 1. Failing to make a will in the first place. This results in assets being divided up according to state legislation. 2. Not keeping the...
by Asha Hudson | Oct 2, 2018 | Client Access
POWERS OF ATTORNEY REFORMED New legislation has been passed in NSW dealing with powers of attorney. Here is a review of the new law. WHAT IS A POWER OF ATTORNEY? A power of attorney is a document, which appoints a person to act on your behalf in relation to your...
