Farm Trusts | Stamp duty relief on farm transfers in South Australia
A farm trust is a discretionary trust that is used to own land for primary production while also providing flexibility so the property can eventually be transferred to other family members. Asset protection, tax efficiencies, and ‘controlled succession planning’ are the key benefits of a farm trust.
What do I need to do to ensure my Private Ancillary Fund remains compliant?
Have you set up a Private Ancillary Fund (PAF) lately? Or are you thinking of setting up a PAF for charitable purposes, potentially endorsing it as a Deductible Gift Recipient? We know you did this (or want to do this) to jump start private philanthropic charitable donations. But now comes the tricky part: the rules, regulations, and ongoing obligations surrounding your PAF’s operation.
Executors and the Bankrupt Beneficiary
Beware the bankrupt beneficiary
Will Makers and the Bankrupt Beneficiary
The protest rallies around every major city in the last two years suggests many people are struggling financially, so what can you do if you have a bankrupt beneficiary?
Andrew Andreyev chats with Tony Catt about family succession and conflict
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.
How do you appoint someone to make health or medical treatment decisions on your behalf in NSW?
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.
Do I need to carry out a ‘reading of the Will’?
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 Australia. So, how do you find […]
I’m young, I’m single, why do I need a Will?
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.
In-house loans and estate planning – not as simple as it seems
Learn about estate planning and the challenges of managing loans between family members. Control your financial legacy.
How to safeguard family trusts for the next generation
Budget Update Notice: The 2026/27 Federal Budget contains proposals that may affect the information in this article. As at the date of this notice, these are proposed measures and have not yet passed into law. We are reviewing and updating our content as the legislative process progresses. If you are making a decision based on […]