Estate planning is not just for the wealthy

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Over 2 million small business owners should take action One of the reasons people give for not sorting out their estate planning is that they don’t think they have enough assets to warrant an estate plan.  Most people are dead wrong about that. There are five documents that make up a basic estate plan: Will

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Estate Planning Service with a true adviser focus

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Trustees must now pay attention to ownership details and their adviser can help guide them through the process with expert estate planning support. SUPERCentral’s flagship online Estate Planning Guide and Testamentary Manual has been designed specifically to assist advisers in guiding their clients through the intricacies of their testamentary requirements and to gather the information

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SMSF borrowing changes

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This Draft Ruling, SMSF 2011/D1, released by the ATO on 14 September 2011 deals with a number of controversial issues relating to limited recourse borrowing. The Draft Ruling should be welcomed by SMSF investors and their advisers. The Draft Ruling primarily deals with two simple questions: what is a single asset?  And when is an asset

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A Short Morality Play – The Triway Super Case

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A recent decision of the AAT has highlighted certain basic rules when operating an SMSF. The facts of the case are very straightforward. A couple, at the urging of their son, established a self managed superannuation fund to which they subsequently rolled over their various super accounts.  All three were members and trustees of the

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