Online document provider, SuperCentral, continues offering its specialist estate planning course to the advice community with the next online course starting on 16 March.
wills
Superannuation and testamentary trusts
You may be aware that toward the end of 2021, in a private ruling, the ATO confirmed the tax payable in respect of a gift of superannuation to a member’s estate where that super is to be held in a testamentary discretionary trust.
Paying your super to the grandchildren
Clients regularly ask whether when they die, they can give their superannuation to their grandchildren. The short answer is “no”. Superannuation death benefits can only be paid directly from your fund to your estate, your spouse, your children, people with whom you are in an interdependent relationship, or your financial dependents.
ATO shoots itself in the foot: tax return must be signed by Administrator
The ATO refuses to accept a tax return from an intestate deceased estate unless it is signed by the Administrator of the estate. But what if there is no Administrator? Townsends’ Dominique Perry explains.
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.
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.
What happens when the last surviving trustee dies?
Mary being the sole individual trustee of her trust has recently passed away. Her daughter Sarah is her executor.
When you’ve seen one blended family – you’ve seen one blended family
Many lawyers talk about ‘blended families’ as if they are all pretty much the same. Like, if you’ve seen one, you’ve seen them all. But that is not the case at all.