Is your reversionary pension really binding on your SMSF trustee?
A super fund is, at its most basic, simply a ‘trust’. The ‘trustee’ of the super fund holds the ‘member’s balance’ on trust for the ‘member’. What most people don’t realise is that because the super fund is a trust, it’s governed by the...
I’m young, I’m single, why do I need a Will?
If you are young, single and in good health, making your Will is often not front of mind. Your priorities may be more closely aligned to completing your further study, career progression and monitoring the seemingly endless growth of the housing market bubble.
ADLV Law chats with Tax Talks about Unfair contract terms
Business owners should be aware of changes to Australian Consumer Law that have focused on Unfair Contract Terms. What is an unfair contract term? And what can you do to ensure your business complies? In an episode of Tax Talks, ADLV Law will walk you through the...
Trust Distribution Resources
We know that getting your trust distribution minutes right can be a headache.
To help, we have compiled a series of useful articles and links below that will help you optimise your trust distribution minutes and assist you in getting them right the first time, every time.
When the Partnership Bubble Bursts: What happens if I want to continue operating the business post-dissolution?
Much like a divorce, the dissolution of a business partnership can be unexpected and difficult to manage. We have written before about what happens when someone leaves a partnership. This article goes into a bit more depth about what happens if you wish to continue operating the business after your business partner leaves.
9 questions to ask yourself before you sell your business
We have written a lot of technical stuff about selling a business. But we’re finding that more and more people want to understand the best high-level strategy to actually conclude a successful deal. Set out below are 9 key questions you need to ask yourself before you...
What is a director’s role in a members’ voluntary liquidation?
If you are a director and member of a company and ready to shut down your solvent business through a members’ voluntary liquidation, you may be wondering how the process looks. In particular, you may be wondering what your role will be as the liquidation progresses.
Read more below to see how you may stay involved with the company throughout the liquidation process and how your role might change if you opt out.
A Grandparent’s Family Law rights
You may find yourself in a situation where your child or their partner is refusing to let you see your grandchildren or if you are playing a significant role in the care of your grandchildren, threatening to take them away. As a grandparent, you do not have an automatic right to see or care for your grandchildren, but this does not mean you are unable to do anything.
Hey Partner, we need a Buy-Sell Agreement
If you have business partners, you need to consider what will occur when a partner wants to retire or suffers death or disability. One way to minimise the chaos, and control the order of events, is to design and execute a buy-sell agreement.