March 21

Special Disability Trusts

Centrelink has allowed a Special Disability Trust to be set up for a person who is in receipt of a disability Centrelink pension or are Veteran’s Affairs pensions. The amount that can be placed in the disability trust basically increases each year. It increases pursuant to roughly by the Consumer Price Index. The current amount.

September 23

Testamentary Trusts

A Testamentary Trust is a series of Trusts set up in a Will. Like a normal Will, you still need to have the executor and alternative executors. The Executor of course being the person who carries out the wishes of the Will Maker. Beneficiaries can be left assets in their sole name or they can.

January 7

Wills

Basically anyone who is 18 years of age or over should have a Will. The Will is the document that directs the executor to deal with your property pursuant to your instructions in the Will upon your death. The Executor is the person who has the role of carrying out your wishes pursuant to the.

October 2

Guardianship Tribunal

The Guardianship Tribunal is a Tribunal set up by the NSW Government which deals with people who have disabilities. The Tribunal can make either or both: A. Financial control order B. A Guardianship Order A. Financial Control Order. Is where an Order is made requiring a person’s money, property and financial matters are to be.

August 8

Succession Planning

I thought we might just talk about some of the issues in relation to succession planning. Most people think it applies just to farmers but anyone involved in a business should be looking at a process of how they are going to hand over the business or the farming enterprise to children or family members..

March 26

Wills and Water Entitlements

Wills and Water Entitlements Traditionally in the Murrumbidgee Irrigation area and Coleambally Irrigation area water entitlement automatically pass with the farm whether by way of sale or in a person’s estate. Therefore quite often Wills would say Farm to my Son and the balance of my Estate to my daughter or daughters. In particular since.

March 25

Powers of Trustees

People become trustees to look after funds or property for other people. The most common role we see is that in Estates. When a person dies with a Will, the Executor after the administration of the Estate if there is still property to be held as trustee, then it automatically becomes the Trustee. If there.