Category: Estate Planning & Wealth Protection

The future of Testamentary Trusts for you, your children, and their children

Every estate planning conversation includes a discussion about Testamentary Trusts. They can assist with asset protection and management, and taxation efficiency. However, recent legislative changes in this space means Testamentary Trusts don’t have all of…

Have you considered your superannuation when reviewing your estate planning?

Despite superannuation funds often comprising significant assets, many are unaware that it is not automatically included as part of an estate’s assets and may not be distributed in accordance with a person’s Will. You can…

Electronic signing and witnessing of wills

The COVID-19 Omnibus (Emergency Measures) Bill 2020 passed in April 2020 foreshadowed the electronic signing of estate planning documents such as Wills and Powers of Attorney pursuant to regulations to be finalised. On 12 May…

Structuring for the future

The COVID-19 crisis is far from over. However, the gradual easing of lockdown restrictions now appears likely, so businesses can start to plan for the future and for the opportunities that it will hold. As…

Modern approach to guardianship and administration

The new Guardianship and Administration Act 2019 (the Act) passed through the Victorian parliament in May 2019 and received royal assent on 4 July 2019. It commenced on 1 March 2020. Under the new legislation,…

Important changes to Foreign Purchaser Additional Duty (FPAD)

Is your family trust purchasing residential property in Victoria? From 1 March 2020 changes to Victoria’s Foreign Purchaser Additional Duty (FPAD) will have far reaching implications. FPAD is an 8% duty payable in addition to…