News : Succession Planning

Strategy, Succession Planning

Trust structures key to succession planning

SMSF succession planning

The correct wording of a corporate trustee constitution for SMSFs is essential to compensate for gaps in legislation around the succession of a trustee director.

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Documentation, Succession Planning

Multi-member funds face death dispute risk

multi-member SMSFs

Potential disputes regarding death benefit payment decisions could be averted if trustees choose to have funds with fewer members, a legal expert says.

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Estate Planning, Succession Planning

Wider asset pool key to SMSF advisers’ future

estate planning SMSF advisers

SMSF advisers should expand their skills to include estate planning to engage with clients who will pass on trillions to family in the next 20 years.

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Estate Planning, Succession Planning

SMSF succession plan hangs on correct reading of deed

SMSF succession plan deed

SMSF succession plans need to start with an examination of the deed, as well as later changes, to ensure the plan can be made operative in the future, an SMSF expert has advised.

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Documentation, Succession Planning

Succession conflict resolution critical for deeds

Referree blowing a whistle

It is important for SMSF trust deeds to have the ability to resolve conflicts between different types of succession planning measures, a specialist lawyer has said.

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Succession Planning

Start business succession dialogue ASAP

Advisers and accountants should commence conversations about business succession much earlier in the cycle in order to implement and execute the transition and their wishes as intended.

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Succession Planning

Five new year’s resolutions for your family

Survived the silly season, have we? Great. And made some new year’s resolutions? Even better.

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