ESTATE PLANNING & ADMINISTRATION
(SUCCESSION PLANNING) ARTICLESEstate Planning Myths Series: “I don’t have any assets, so I don’t need a Will”
It is a common phrase heard, particularly from young adults – “I don’t have any assets, so I don’t need a Will”. Young adults and non-homeowners are often of the opinion that, because they do not have “significant” assets – they do not need a Will. This article...
Estate Planning Myths Series: When I die, a percentage of my estate is paid to the government as a “death tax”
We often encounter the misconception that when you die, a set percentage of your estate is paid as a “death tax”. The good news is that “death tax” was abolished in Australia more than 40 years ago. There are, nonetheless, taxes and charges borne by the...
Estate Planning Myths Series: “If I die without a Will, everything goes to the government”
When we meet with clients, we often ask why they have decided to come to see us – often they are looking to clearly define an estate distribution for blended families to make sure that everyone is provided for – other times our client is simply looking to put in place...
A complying self-managed superannuation fund may be settled by an instrument having the effect of a deed – allowing for execution by digital signature
A complying self-managed superannuation fund (SMSF) is a trust at law, which is subject to the requirements and restrictions of the Superannuation Industry (Supervision) Act (SISA), Superannuation Industry (Supervision) Regulations (SISR), Income Tax Act Assessment...
Estate Planning Myths Series: Nominal gifts prevent Estate claims – or do they?
“If I leave someone $1 under my Will, then they can’t make a claim against my Estate”. This is a common misconception that is often encountered in the estate planning process for clients who wish to take all possible steps to ensure that a claim won’t be made against...
Launch of the Nautilus Law Group “Estate Planning Myths” Series
When meeting with new clients for Estate Planning matters, we often encounter some interesting myths and misconceptions about the law and processes involved with Estate Planning. Estate Planning and administration in Queensland is governed by the Succession Act 1981. ...