Six member SMSF as pooled investment structure

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There is currently legislation before Parliament to increase the maximum number of members of SMSFs from four to “not more than six”.  When passed, the measure will commence from the

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Working through live-in aged carer issues

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With many baby-boomers dreading the prospect of going into an old-folks home, house-sharing may look like the answer. Doug is almost 80 but in quite reasonable health.  He can do

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Succession planning for private companies

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For those wanting to ensure that a particular family member becomes the director of a family company when the current director passes, it’s a minefield. So, you have a private

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Who pays stay-at-home employees if they won’t get JobKeeper?

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If the Federal Government orders people to stay home under Biosecurity Alert, do employers need to pay employees? For those businesses that don’t qualify for JobKeeper payments, this article points

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New law clarifies minor’s tax on testamentary trust income

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A minor pays tax at adult marginal rates on income received from a testamentary trust. The new law seeks to stop non-estate assets making their way into those trusts in

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Maria Siu joins Townsends Lawyers and SuperCentral as Special Counsel

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Townsends Lawyers and its associate SuperCentral Pty Limited are pleased to announce the appointment of Ms Maria Siu LL.B. (Hons), Dip Fin Serv, Cert Adv Tax to the position of

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What can a widow expect from husband’s estate?

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What can a widow expect from her husband’s estate?  The NSW Court of Appeal recently gave us their guidelines. Several months ago we discussed the decision in Steinmetz v Shannon [2019] from

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Revocation of an Enduring Power of Attorney

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Sometimes it’s necessary to change your power of attorney in which case you’re going to need to revoke the existing appointment. What would happen if you decided that the person

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The chance to resign – a poison chalice in dismissal claims

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An employee who is offered the chance to resign by their employer should think long and hard as it may prevent any claim against the employer thereafter no matter how

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Can grandparents protect their grandkids’ inheritance?

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If their kids don’t get on with one of the grandkids maybe the grandparents should act to protect that grandchild’s inheritance. Being an estate planning lawyer means very often having

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