Testamentary trusts can be very effective estate planning tools to assist in providing for spouses, children and grandchildren, and are becoming increasingly popular as more people become aware of their advantages. A Testamentary Trust is any trust established under a will, but the term is usually used in the context of a discretionary family trust.
Self managed super funds (SMSF) are becoming an increasingly popular alternative to retail or industry superannuation funds because they allow people to control their own super investments for their retirement. The difference between an SMSF and other types of fund is that the members of an SMSF are usually also the trustees. This means the.
Claims can be made for further provision from a deceased estate if relatives or loved ones believe that insufficient provision has been made for them however, not everyone is entitled to challenge the validity of a Will. To be entitled to challenge you must have an “interest” in the deceased estate. That means you must.
This afternoon the Fair Work Commission lifted award wages by 2.5% from 1 July 2015. In its statement, the Fair Work Commission commented that the increase is lower than last year’s for reasons including reduced inflation, aggregate wages growth and growing unemployment. The review increases the national minimum wage to $17.29 per hour and other.