Category: Estate Planning & Wealth Protection

Kimi Shah shortlisted as a Finalist in the Women in Law Awards

Kimi Shah has been named as a finalist in the Lawyers Weekly Women in Law Awards 2021 for Senior Associate of the Year. The Lawyers Weekly Women in Law Awards is the benchmark for excellence,…

Not quite a ‘happy little accident’ – lessons from Bob Ross’ legacy

I am an avid fan of Bob Ross’ canvas painting tutorials. While ‘do it yourself’ projects were all the rage during the 80’s and 90’s, Bob Ross arguably pioneered ‘autonomous sensory meridian response’ (ASMR) before…

KKI appoints new Partner Kimi Shah

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…

The 7 most common mistakes people make when planning their wills

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…

Do you own commercial premises in your SMSF?

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),…

Blended Families, Superannuation and Life Insurance

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…

Blended Families and Family Trusts

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…

Blended Families and Life Interests

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…

Blended Families and Property Ownership

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….

Types of assets and estate planning

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…

Sambucco: Revocation of a Will by marriage

Many people are not aware that a marriage can revoke a Will. Similarly, a divorce can invalidate appointments and gifts in a Will to the spouse. Sambucco v Registrar of Births, Deaths and Marriages Victoria…

Changes to Trust transactions – What you need to know

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…