If you are a family advisor or you are personally thinking about how you can keep family harmony in check when the next generation of your family steps up to the plate, this episode is a must-listen for you.
We are a full-service commercial law firm with offices in Sydney, Adelaide and Melbourne. We can assist you with: Business and Investment Structures Setting up business structures, including Partnerships, Companies and Trusts Setting up investment structures,...
Lawyers are generally pretty conservative people. It's our role within society to apply a skeptical view to new things, pay respect to historical precedent, and generally defend the more conservative and established institutions and social norms, i.e. to drag the...
In June 2020, legislation was passed to enable the rollout of Director Identification Numbers (DINs) for company directors. The Australian Business Registry Services (ABRS) is ready to start registering directors from November 2021.
The Corporations Act 2001 (Cth) does not specify a minimum notice period for the calling of a valid directors/Board meeting. All that is required under the Corporations Act is that each director must be given 'reasonable notice' of the meeting by the director calling...
The short answer is, no. The Corporations Act 2001 (Cth) does not require directors to be given prior notice of any matters to be discussed at a directors/Board meeting, or any resolutions to be put to the directors/Board at the meeting. Your Company's Constitution...
As part of your end of life plan it is a good idea to appoint someone to make health or medical treatment decisions for you, if you become unable to make such decisions for yourself. It is also important to identify what your values, life goals and preferred outcomes are so the person appointed to make those health and medical treatment decisions can ensure their decision making is in line with your wishes.
We are often asked by clients who are appointed as an executor of an Estate whether they need to gather the family around and 'read the Will' out loud. While this is often the kick off point for an Agatha Christie murder mystery, this formality is not required in...
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 rules of equity that set out...
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.
Learn about estate planning and the challenges of managing loans between family members. Control your financial legacy.
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...
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.
Discretionary trusts (commonly known as ‘family trusts’) are a common tool for people to operate businesses, hold investments and pass over control of assets. Family trusts can be excellent vehicles for all of these things, but they do come with their own risks. Over...
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