What Happens If You Die Without a Will in Australia?
When someone passes away without a valid will, this is called intestacy. In this situation, each Australian state and territory has its own rules that determine how the estate is divided. While these intestacy laws provide a safety net, the outcome may not reflect what you would have wanted for your family. Read More…
The Great Wealth Transfer: Are You Prepared?
Australia is set for a massive intergenerational wealth transfer, with trillions at stake. If you're inheriting or planning your legacy, understanding the tax implications is crucial. Learn how to protect your wealth and avoid common tax pitfalls—contact us today for expert advice. Read More…
Writing a Will in a Tax-Effective Way
Writing a Will in a Tax-Effective Way
When people write a will, they often leave their assets to their children, usually in equal shares. At the time of writing the will, their
children might still be young, and the parents may also still be relatively young when they later update it.
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Navigating the Complexities of Capital Gains Tax (CGT) and Trusts
The interaction between Capital Gains Tax (CGT) and trusts is notoriously complex. Albert Einstein himself once remarked on the difficulty of understanding tax law, and this area certainly fits that description Read More…
Inheriting assets other than a home
When inheriting a home, most people are aware that if it is sold within two years of the deceased’s passing, no capital gains tax (CGT) is payable. There are also other circumstances where an inherited home can be sold without incurring CGT. However, when it comes to other inherited assets—such as cars, shares, vacant land, jewellery, or artwork—no such exemption applies if these assets are sold by the beneficiary or by the executor during the estate’s administration. Read More…
A recent decision by the Full Federal Court around a man’s tragic death by suicide clarified the standing of a de facto spouse in the context of a non- lapsing death benefit nomination on a life insurance policy made by the deceased person. Read More…
The RBA has hiked again, with a further increase likely before year-end. For doctors navigating property purchases, practice decisions or structural reviews, the implications go beyond the headline rate. Here is what the current environment means for borrowing capacity, practice buy-in timing, and tax structure.
High-earning medical contractors in Australia are often unknowingly trading borrowing capacity for tax savings. Here is why that conflict exists and what integrated advice looks like when both are addressed together.
A reflection on why some practice purchases struggle after settlement, not due to poor advice, but because assumptions, timing, and cashflow don’t always align in the real world.