by Tiffany Mechkaroff | Aug 31, 2021 | Estate Planning & Wealth Protection
Melbourne based law firm Kalus Kenny Intelex (KKI) has announced the appointment of Kimi Shah to the Partner group. Since re-joining KKI in 2019, Kimi has been heading up the Estate Planning & Wealth Protection practice group. Kimi’s expertise at KKI has been...
by Tiffany Mechkaroff | Jul 29, 2021 | Estate Planning & Wealth Protection
If one good thing has come out of the COVID-19 pandemic, it’s that more people are now thinking about what is going to happen to their assets when they die. This is welcome news, but so many people are making the same mistakes when it comes to planning their Wills....
by Tiffany Mechkaroff | Jul 27, 2021 | Estate Planning & Wealth Protection
Many Australians opt to set up a self-managed superannuation fund as a way of taking control of the investment decisions over their superannuation funds and securing their retirement. The Superannuation Industry (Supervision) Act 1993 (SIS), allows for purchase of...
by Tiffany Mechkaroff | Jul 12, 2021 | Estate Planning & Wealth Protection, Family Law
Continuing the Blended Families Series, another asset protection method that is often overlooked is the use of superannuation death benefits and life insurance. Superannuation and life insurance does not automatically form part of a person’s estate to be dealt by...
by Tiffany Mechkaroff | Jul 7, 2021 | Estate Planning & Wealth Protection, Family Law
Continuing the Blended Families Series, another way assets can be protected is through the use of trusts. Family discretionary trusts have become a popular vehicle to protect assets and stream family income to benefit from different tax margins of each of the family...
by Tiffany Mechkaroff | Jun 22, 2021 | Estate Planning & Wealth Protection, Family Law
Continuing the Blended Families Series, another way to protect your assets in blended families is the use of life interests. A life interest provides limited rights with respect of a property to a beneficiary for the duration of their life without giving away complete...
by Tiffany Mechkaroff | Jun 7, 2021 | Estate Planning & Wealth Protection, Family Law
There are 6 million families in Australia[1]. Of these families: 90% with children consist of at least one child who is the natural or adopted child of both partners in the couple. 6% are step-families. That is, where one person is a step-child but there is no child...
by Tiffany Mechkaroff | Apr 7, 2021 | Estate Planning & Wealth Protection
A common misconception in estate planning is that all of your assets (no matter the capacity in which they are held) are ‘estate assets’ and governed by your Will. The distribution of an asset will depend on the type of asset and more specifically, how that asset is...
by Tiffany Mechkaroff | Mar 22, 2021 | Estate Planning & Wealth Protection
The Australian Taxation Office (ATO) has recently foreshadowed the application of section 100A of the Income Tax Assessment Act 1936 (Cth) (the Act) will be broadened. The implications are that trust transactions that usually would not incur any adverse tax...
by Tiffany Mechkaroff | Feb 22, 2021 | Estate Planning & Wealth Protection
The Australian Government have introduced changes to our foreign investment laws (FIRB Regime) which have come into effect from 1 January 2021. The new amending legislation is as follows: Foreign Investment Reform (Protecting Australia’s National Security) Act 2020...
by Tiffany Mechkaroff | Feb 2, 2021 | Estate Planning & Wealth Protection
Tip 1 – Locate and/or consolidate your superannuation funds It is not uncommon to have superannuation funds held with multiple superannuation providers. Generally, during the course of your working life you open new superannuation accounts with a different...
by wunwabbit | Nov 30, 2020 | Estate Planning & Wealth Protection
It can be difficult to know where to start when it comes to implementing an effective estate plan that reflects your wishes and protects the interests of your loved ones. It is important that you get it right and in order to help you do so, we’ve outlined below 5...
