Most people realise the importance of protecting their Intellectual Property. But ‘ideas’ and ‘concepts’ aren’t a form of IP, as there is no ‘property’ capable of being protected. Don’t despair, there are ways to protect and exploit your interests.
We are commonly asked what’s the best structure to use when setting up a new charity or other ‘not-for-profit’ (NFP) organisation. While incorporated associations and public companies limited by guarantee are often suitable, they are not the only options, and there is no easy ‘one size fits all’ answer.
Just because you and your partner make ‘mirror Wills’ does not mean that your partner cannot change their Will (either before or after you die). Furthermore, your partner does not have an obligation to inform you if they do change their Will. Find out how to deal with these issues.
What happens to my SMSF if I become a non-resident?
Your super doesn’t form part of your estate, and is not subject to the terms of your Will. It’s therefore critical to have in place appropriate arrangements to make sure your super ends up where you intend.
You’ve decided that a Financial Agreement is right for you. So what happens next?