What is a Power of Attorney and why should I have one?

By |October 6th, 2015|

Having a power of attorney is just as important as having a will. While a will operates on your death, a power of attorney operates during your life.The Power of Attorney Act (Qld) 1998 increased the scope of matters that can be covered by an enduring power of attorney and allows you to give […]

Individual v Corporate Trustees: To Incorporate or not to Incorporate, that is the question…

By |October 6th, 2015|

Whilst many people opt for individual trustees, particularly for their Self Managed Superannuation Fund (SMSF) and their family discretionary trust, there is a potential for individual liability for the unsuspecting individual trustee. Being an individual trustee makes you responsible for the actions of your fellow trustee and liable for any liabilities including tax even if […]

Estate Planning & Self Managed Superannuation Funds: Is it covered by my Will?

By |September 8th, 2015|

The proceeds of your Self Managed Superannuation Fund (SMSF) and Family Trust do not form part of your estate. They are held by the trustees of the fund on behalf of the beneficiaries, in the case of the SMSF the members of the fund, generally you.That said, depending on the terms of the SMSF […]