Avoiding ambiguity in your Will
Discover the implications of double gifting in Wills. Learn how intentional clarity can avoid inheritance conflicts.
What franchisees need to know about the new franchising code of conduct
Learn about the franchise agreement reforms set for April 2025, designed to balance power between franchisors and franchisees.
Subdividing the family property – income or capital?
Subdividing your land is a great way to release money for other projects as the prices of Australian real estate continue to climb. However, the tax consequences of subdivision and development are complicated. Getting the details wrong could cost you up to 100% more tax than you would otherwise be required to pay.
Protect your business when selling: a step-by-step guide to safe due diligence
You’ve built something valuable, a business that’s your pride and joy. Now, you’re ready to hand it over to the right buyer and move on to your next chapter. You’re excited about the possibilities: a lucrative sale, a smooth transition, a well-earned reward. But as you picture potential buyers poking around in your books, a knot forms in your stomach.
Words are cheap: why bother paying for a contract?
You’ve just wrapped up a deal. You sit there staring at a stack of papers—your contract. You wonder, “Did I really need all this? Was this worth the time, money, and hassle?” If you’ve ever asked yourself that question, you’re not alone. Plenty of people see contracts as expensive, unnecessary paperwork. But let’s talk about what you’re actually paying for and why it matters.
Understanding the role of responsible persons in Private Ancillary Funds
“With great power comes great responsibility”- Uncle Ben to Spiderman Individuals, families and organisations wishing to engage in philanthropy often choose to do this through a Private Ancillary Fund (PAF) . We think this is a great idea, but as you might expect,...
Should executors be paid or receive gifts?
Who you appoint as the executors of your Will is an important decision. After all, these are the people responsible for carrying out your wishes after you pass away. However, you may wonder whether your executors should be paid or receive a gift in recognition of their efforts in administering your estate.
What Happens When a Beneficiary Dies Before You?
Imagine this: You’ve carefully made your Will, making sure your loved ones will be taken care of when you’re gone. You’ve left a generous gift to your son, Jake. But then, something unexpected happens—Jake passes away before you do.
What legal issues do you need to look out for in 2025?
With the coming of a new year come new ideas, plans and goals. Sometimes these may come about because of a change in circumstances and needs. In other cases, these may be a necessary undertaking due to a change in law, regulation or requirements. Here are some legal issues that we think will be hot issues in 2025 and our tips to help you navigate them.
Navigating the future: key changes in South Australia’s Succession Act 2023
Does your Will need an update following the changes to the Succession Act 2023 (South Australia) commenced operation in South Australia on 1 January 2025?