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Since 2006, families with a disabled child have been able to establish a Special Disability Trust (SDT). SDTs allow immediate family members and carers to provide for the future care and accommodation needs of a ‘...
17 January 2012
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Categorised In: Revenue, Tax & Superannuation, Estate Planning
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The ATO has released TR2011/D3 about when a pension starts and stops.
This is relevant for a number of reasons, including whether the income (including capital gains) of a superannuation fund is exempt from tax.
When a...
26 July 2011
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Categorised In: Revenue, Tax & Superannuation, Estate Planning
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Many Australians appreciate the benefits and convenience of retirement village living.
But some retirement village ownership structures require special care in Will drafting, or the estate may not pass as you...
12 April 2011
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Categorised In: Estate Planning
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Vital for Clients with Self Managed Superannuation Funds
It is important to ensure that everyone has a current Enduring Power of Attorney in place, particularly members of self-managed superannuation funds (SMSFs).
An...
18 August 2009
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Categorised In: Estate Planning
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Yesterday the Government announced relief from the minimum draw down percentages for account based pensions.
For the 2009 financial year there will be a 50% reduction in the minimum payment pensioners must take from...
19 February 2009
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Categorised In: Estate Planning
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On 4 December 2008, the Same-Sex Relationship (Equal Treatment in Commonwealth Laws - Superannuation) Act was passed.
The Act amends legislation relating to superannuation so that same-sex couples can fall within the...
12 February 2009
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Categorised In: Estate Planning
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Binding death benefit nominations are an integral part of many estate plans.
The ATO has released draft Self Managed Superannuation Funds Determination 2008/D1, which sets out its views on the ability of members of...
22 October 2008
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Categorised In: Estate Planning
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The recent Queensland Supreme Court case of Underwood v Underwood [2008] QSC 159 was decided in July this year.
The Facts
Peter Charles Underwood died in May 2006 aged 64. His estate had approximately $1,300,000 in...
26 September 2008
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Categorised In: Estate Planning