Top 5 considerations when updating your Will

The idea of making a Will and having to think that far ahead can seem like a hassle and a little unnecessary. In fact, the opposite is true; planning ahead can often save you thousands of dollars and weeks of extra stress in the event of an unforeseen occurrence.

Here are […]

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

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 […]

By |October 6th, 2015|Categories: Estate Planning||0 Comments

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

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 […]

By |October 6th, 2015|Categories: Estate Planning||0 Comments

WHAT IS A TESTAMENTARY TRUST?

A testamentary trust is a trust that is created by the terms of your Will rather than by way of a Trust Deed or an Order of a Court. There are a range of testamentary trusts that are able to be created by your Will.Testamentary trusts can enhance the value of the inheritance that […]

Is an Enduring Power of Attorney Essential?

An Enduring Power of Attorney is one of the most powerful documents you will ever sign in your life time. The document allows the person making it, known as the Principal to appoint another to act on their behalf in relation to their financial affairs and their personal/health matter. Whilst there are […]