Transferring death benefits can’t be done with just a journal entry: expert
Keeli Cambourne
Death benefits have to be paid to the death benefit dependent by the transfer of ownership of assets out of the SMSF, and not just by a ...
Death benefits have to be paid to the death benefit dependent by the transfer of ownership of assets out of the SMSF, and not just by a ...
A recent AAT decision on the regulation of approved SMSF auditors should act as a warning that all relevant and professional obligations in ...
The processes and documentation of changing a trustee need to be followed correctly or there can be serious ramifications and costs, warns a ...
A recent private binding ruling serves as a stark reminder of complexities that can arise when estate planning is overlooked and an SMSF ...
Latest ATO figures show that over 30% of SMSF trustees are over 70. Inevitably, as we age, we all face an increasing likelihood of mental ...
A Queensland court ruling has confirmed an enduring power of attorney has the authority to alter a binding death benefit nomination.
A recent lost deed case illustrates how courts are willing to adopt an approach where those involved in a trust agree on how it will ...
A new private binding ruling from the ATO has highlighted the evolving nature of the rules around the “fast death tax”, says a leading legal ...
A recent legal case emphasises the importance of having witnesses present at the signing of a will or a binding death benefit nomination, ...
The victims of Melissa Caddick have initiated a class action against the auditors engaged to conduct annual audits of their SMSFs.
Even if an individual satisfies all the criteria needed to get a court-ordered will, the final decision is at the discretion of a court as ...
In a recent Private Binding Ruling, the ATO was asked to consider the tax treatment of the death benefit where the death benefit was paid ...
The recent AAT decision of Bendel and Commissioner of Taxation (Taxation) [2023] AATA 3074 has challenged the ATO’s long-held view that an ...
A former financial adviser who stole $10 million from clients has been sentenced to almost a decade in prison.
A recent court case has emphasised the importance of caution that SMSFs must take when lending money and adhering to all the regulations of ...
An application has been submitted to wind up NextGen Financial.
A Perth financial adviser has been handed a five-year prison sentence after being found guilty of stealing more than $1 million from his ...
There should be a clear priority of death benefit payments in an SMSF trust deed, says a legal expert.
Advisers are being warned that there are several key changes in the Fair Work Legislation Amendment (Closing Loopholes) Bill 2023 that could ...
Benefit payments may seem straightforward but advisers and SMSF members could fall into traps if the paperwork does not align, warns a legal ...
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