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.
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.
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.
“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,...
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.
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.
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.
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?
What a year! Those of you that have been keeping up with us this year will know that 2024 was a big year of learning, change and growth for us. Learning can be painful and challenging – quite literally. There is scientific research that suggests there is a link...
Christmas isn’t always a time of joy for families. Sometimes, along with all the dishes, you are left with a family fallout that takes you back to the proverbial drawing board where estate planning is concerned. Here's a look at how a difficult Christmas experience...
Christmas is a time for joy, family and reflection. But amidst the festivities, it’s also an excellent opportunity to consider your estate planning. While it might seem unusual to bring up estate planning during the holidays, Christmas presents a rare chance to start these important conversations.
Do you provide advice or influence decisions in a company without a formal director title? You could be a ‘shadow’ or ‘de facto’ director, exposing yourself to significant personal liability that could jeopardise your asset protection strategies.
You have always operated your business honestly and diligently, which includes paying each of your debts within their terms. Unfortunately, not everyone in business plays by the same rules….you have a problem debtor and cannot work out what to do.
You have loaned someone money in relation to a property, and in return the borrower has agreed to give you an interest in the property. You lodge a caveat, but you are worried about whether you are properly protected if the borrow does not repay you.
Caveats are a protective mechanism that play an important role in property law. However, a caveat is not a ‘security interest’ in the traditional sense, and it is important to consider whether a caveat is the appropriate tool to safeguard your interest.
You’ll be put straight through to a great lawyer who will guide you to the right solution.