It is best for SMSF trustees to continuously maintain a clean record to keep their SMSF but getting a criminal record is not yet the end of the world.
Townsends Law
Interdependency relationship: not a catch-all to be a dependant
Unlike estates where anyone can inherit, not everyone can be considered a death benefit dependant in superannuation. Jonathan See, Solicitor, Townsends Lawyers, discusses.
Does a discretionary trust protect beneficiaries? Part 1
Dominique Perry from Townsends Lawyers has produced a two-part overview looking at whether a discretionary trust protects beneficiaries. This is the first in the series.
What to consider when updating SMSF trust deed
If your trust deed was prepared quite some time ago, it may be time to update the governing rules of your SMSF trust deed. Doing so means that you can have peace of mind in knowing that the rules are current.
SMSF: When a member has a terminal medical condition
When an SMSF member is diagnosed with a terminal medical condition, it is not only devastating news to them but also to those close to them. With perhaps little time left, planning for their loved ones is usually paramount.
Where does a company ‘reside’ for tax purposes?
Australia levies tax on its residents. But how can a company ‘reside’ anywhere for tax purposes? And can a company ‘reside’ in Australia if its directors and or shareholders are overseas?
Changing your mind about your enduring power of attorney
An Enduring Power of Attorney (POA) is a significant legal document necessary for empowering an ‘attorney’ to make decisions on your behalf. These decisions can be related, in some States just to financial issues, superannuation and asset management and in others extending to residence, health services and more.
Can an SMSF sell a collectable to a related party?
Can SMSF trustees sell a collectable (artwork) to a relative and does it require a valuation report?