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Protect Your Legacy – how an SMSF Will safeguards family wealth for generations
Introduction: The Imperative of Family Wealth Protection Protecting family wealth isn’t just about passing on assets—it’s about safeguarding your family’s financial security and legacy against risks like litigation, tax complications, and mismanagement. A Self-Managed Superannuation Fund (SMSF) is a vital tool in many Australians’ wealth strategies, but without the proper planning, even this robust structure can leave your family exposed.
Bare Trusts & Property Investment
Did you know that SMSFs can borrow money to invest in property? They can. We’ll set out the basics of how it works below. But first, the most important thing to remember in this process is to talk to your accountant and solicitor about what paperwork you need completed BEFORE you make an offer on a property. All legal paperwork can take
SMSF investing with multiple members
If your SMSF has more than one member, it is important to understand how the investments work. In short, all assets are owned 100% by the SMSF and are calculated percentage of each asset being ‘allocated’ to each SMSF member according to their contribution. If you have one member, that member owns 100% of the SMSF assets. If you have more than
Original trust deeds matter
When you set up a self-managed super fund (SMSF), bare or other trust, you will be asked to sign the establishment documents in ‘wet ink’. This simply means you have to use a pen and physically sign the paper version of the document, which then becomes the ‘original.’ This is a legal requirement and some organisations, particularly banks, use specialist
2024 Christmas office hours
It’s nearly that time of year when everyone is starting to relax and wind down. Not us! We’re still full tilt to the wind up until our office takes its annual break between Christmas and New Year. Here are some important dates to remember. Friday 6 December – CLOSED for office Christmas party noon Friday 20 December – CLOSED until 9am Monday
Macquarie blocks BSBs – SMSF crypto investments restricted
Have you been trying to pay for a crypto investment using your Macquarie SMSF bank account and found the BSB “does not exist” when you enter the numbers? We have had several reports from frustrated clients about this happening to them, including when trying to settle their orders with Coinspot and Ainslie Crypto. After weeks of investigation, a senior Macquarie bank representative