Risky risks management

Risky Risk Management Greg and Chloe come to see you about reorganising their business affairs. Chloe is about to become the director of a private equity company and is concerned about her personal liability. Various issues are discussed and various...

Trusts and UPE’s

Unpaid Present Entitlements owed by a Trust to a corporate beneficiary can be taxed in the hands of the Trust pursuant to Division 7A if the UPE arose after 16 December 2009 and has not been paid out. That is, if the Trust and corporate beneficiary form part...

Should you own your home as joint tenants or as tenants in common?

When two or more people decide to purchase a home together it is important that they consider how to take title to the property. The manner in which title is taken can affect their rights now and in the future. In NSW there are two types of tenancy, joint...

Tax ruling on family companies and family law

A very important draft taxation ruling issued last week. Up to now, the ATO has been acknowledging that a payment by a family company to a family member under a Family Court order is tax free. If the draft ruling becomes final that will no longer be the...

What you should know about the effect of marriage and divorce on your Will

What happens to a Will upon Marriage Unless your will specifically says it was made in contemplation of marriage, when you do marry your existing will is automatically revoked. If your will is revoked and you fail to make a new one after marriage, all your...

Risky risks management

Trusts and UPE’s

Should you own your home as joint tenants or as tenants in common?

Tax ruling on family companies and family law

What you should know about the effect of marriage and divorce on your Will

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