The prospect of having a large tax assessment in respect of an individual’s member benefit in a self-managed superannuation fund is becoming much more relevant in the context of estate planning as a result of: The increased level of … Read More
As estate lawyers, we often have clients come in to make a Will and they have not heard of testamentary trusts. Or if they have heard of them, they assume they are overly complicated or just for those that have … Read More
For many Australians, superannuation is the largest component of their wealth when they die, particularly if insurance is held within the fund. Since superannuation was designed to provide for your retirement and your dependants after your death, it is often … Read More
Imagine discovering that you do not have control about who your superannuation will go to upon your passing, even though you have documented your wishes in a will. A nasty surprise and it is occurring more than you might think. … Read More
Winter is coming and so are changes to the superannuation system, starting on 1 July 2017. One of the major changes is to limit the amount of super that a person can have in a tax free pension environment. In … Read More