Life insurance and buy-sell agreements

The ATO has recently released ATO ID 2015/10 that clarifies the ATO’s view as to whether a SMSF contravenes super legislation by purchasing a life insurance policy that covers the life of a member where the purchase is dependent on a buy-sell agreement. In...

Put or call?

Options are useful legal tools when one party, or both parties are keen to purchase or sell property but the time to do so is not right. Agreement has generally been made as to price and the transaction generally but either (or both) parties want to legally...

Dangerous Trusts

Work has been a bit quiet, so you are pleased to receive a sales advice that your client, Percy, has agreed to buy an investment property for $2.5 million. Shortly afterwards, you receive a telephone call from Percy’s accountant, Penelope, who tells you that...

Out of here in a box

“I’ll leave this place in a box” is a common phrase made by people who have worked hard for and are proud of their home or farm. Many people never want to leave a familiar environment for aged care facilities, but when they are no longer able to care...

What happens when your circumstances change?

What happens when your circumstances change? If a loved one suddenly becomes ill and loses capacity, what becomes of their affairs? What is the outcome if they do not have their affairs in order? What is a power of attorney? A power of attorney is a legal...

Separation woes

You are acting for Clive in relation to the breakdown of his marriage with Alice. Clive is a cosmetic dentist and has done very well financially. Alice has also been very successful running her interior design business. The breakup has not been harmonious....

Life insurance and buy-sell agreements

Put or call?

Dangerous Trusts

Out of here in a box

What happens when your circumstances change?

Separation woes

Categories

Recent Posts