by Bailey Selth | 9 - Deal with a deceased estate (Administration)
Probate can take months, sometimes years, to complete. Here’s why delays happen and how families and family businesses can prepare.
by Bailey Selth | 6 - Build and protect your wealth (including trusts), Uncategorized
Family trusts are one of the most common structures used by Australian families to hold investments, run businesses, and protect wealth. They are flexible, tax-effective, and – when managed carefully – provide a mechanism for long-term succession...
by Bailey Selth | 8 - Pass on your wealth (including EP)
When a parent dies and leaves everything to their spouse, many children choose not to contest the Will. Out of respect for their parent’s wishes, the grief involved, and the complexities of family life, they allow their step-parent to inherit everything. But years...
by Bailey Selth | 2 - Run and manage your business (general commercial)
In Australian farming communities, family means everything. It’s not unusual to see surnames etched into gates, signposts, and silos, each a tribute to generations of hard work. But behind the name on the gate, the way a business is legally structured can make...
by Bailey Selth | 9 - Deal with a deceased estate (Administration)
You may be acting as the executor of a deceased estate or are otherwise involved as a beneficiary. Amongst the assets of the estate is real property and someone has told you: “Now’s the perfect time to sell!” But there’s a problem. Probate hasn’t been granted yet, and you’re not sure what you can and can’t do.
by Bailey Selth | 1 - Start, expand and raise capital for your enterprise, 2 - Run and manage your business (general commercial), 4 - Acquire, sell or shut down your business
Starting and running a business successfully requires more than just a great idea and a solid business plan; it also requires a strong legal foundation. Without key legal documents in place, even the most promising business can face unnecessary risks, disputes, or even shutdowns.
by Bailey Selth | 7 - Deal with your real estate (property law)
You’re not running a boarding house; you’re simply letting your adult child, elderly parent, or cousin down on their luck live in a property you own. It feels awkward to ask them to sign anything. “We’ll just sort it out as we go”, you think. But then the...
by Bailey Selth | 12 - Manage your taxes, 6 - Build and protect your wealth (including trusts)
Below is Chapter 6 of our ‘Trust Distributions Guide’ booklet. To read the other chapters of our booklet, click the links below: Chapter 1: Understanding the Nature of Trusts Chapter 2: Defining and Determining Trust Law Income Chapter 3: Making Effective...
by Bailey Selth | 12 - Manage your taxes, 6 - Build and protect your wealth (including trusts)
Below is Chapter 5 of our ‘Trust Distributions Guide’ booklet. To read the other chapters of our booklet, click the links below: Chapter 1: Understanding the Nature of Trusts Chapter 2: Defining and Determining Trust Law Income Chapter 3: Making Effective...
by Bailey Selth | 12 - Manage your taxes, 6 - Build and protect your wealth (including trusts)
Below is Chapter 4 of our ‘Trust Distributions Guide’ booklet. To read the other chapters of our booklet, click the links below: Chapter 1: Understanding the Nature of Trusts Chapter 2: Defining and Determining Trust Law Income Chapter 3: Making Effective...