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Should I choose a corporate trustee or an individual to control my SMSF?

Thinking| 22 Oct 2019

Should I choose a corporate trustee or an individual to control my SMSF?

In the second video of a series by our Private Clients team examining the five key self-managed super fund (SMSF) estate matters you must talk to your client about, Lawyer Marie Mitilineos looks at the control of an SMSF and why giving control to a corporate trustee rather than an individual can assist with succession and asset protection.

SMSFs: the new battleground for family disputes?

Thinking| 16 Oct 2019

SMSFs: the new battleground for family disputes?

In this video series, our Private Clients team examines the five key self-managed super fund (SMSF) estate matters you must talk to your client about. Over the next five weeks, our team will cover issues such as dealing with control of SMSFs, powers of attorney, transfer balance cap strategies and using death benefit nominations, as […]

Bank of Mum and Dad: loan it or lose it

Thinking| 16 May 2019

Bank of Mum and Dad: loan it or lose it

One question we are advising clients on more frequently these days revolves around them wanting to help their children financially, but at the same time protect that money to ensure it stays in the family. Some interesting figures from 2017 pointed to family members, essentially the Bank of Mum and Dad, being the fifth largest […]

The importance of succession planning for your digital assets including cryptocurrencies

Thinking| 11 Feb 2019

The importance of succession planning for your digital assets including cryptocurrencies

The recent death of the CEO of a multi-million dollar cryptocurrency exchange start-up, who held the passwords to $275 million worth of coins and cash, has again highlighted the importance of succession planning for your digital assets and the difficulties that can arise when this is not properly addressed. Mr Cotton, who started his company […]

Video Wills: valid or a virtual reality?

Thinking| 21 Jan 2019

Video Wills: valid or a virtual reality?

Further to our update last year, Wills: 20,000 reasons why not to DIY, a recent Queensland case has again highlighted the importance of having a properly drafted Will. The case illustrates the fact that while informal Wills can be accepted by the Court, the potential stress, delays and significant extra cost of getting a Court to […]