“Britney-Spears” Type Trusts
I saw a client who would like a Will with gifts given pursuant to the terms of a discretionary testamentary trust, which enables income and capital to be distributed to not only the primary beneficiaries, who are her children, but also their family and companies and related trusts. For some very good reasons, the trusts […]
Paper Heavy Litigation
It has been a busy week compiling affidavits for a couple of court cases we are dealing with. One I was working on the other day for a Magistrates Court matter included a 69 page spreadsheet! This was to help us prove that a leased business premise was predominantly used for the sale of goods […]
Superannuation Equalisation Provisions in Wills
Below is a sheet which shows the benefit of having superannuation equalisation provisions in a Will if there is at least one financial dependent sharing equally in an estate, e.g. no spouse, two children out working and one child at school. If the superannuation and other assets are split equally, such as in the first […]
Recovering Money
I had to look into whether a couple of people might be able to recover about $750,000, some of which they lent to a non-existent Singaporean company. When the first $600,000 was lent, the person they were dealing with was an undischarged bankrupt. I expected them to tell me that he had failed to disclose that […]
Share and Unit Sale Agreements
We are in the middle of negotiating one unit sale agreement, one unit and share sale agreement, two other share sale agreements, and there is another in the offing. It seems a lot of people are buying into and exiting businesses at the moment. They are popular ways to take over a business without incurring exorbitant […]