city competence
coastal calm
November 2019
Welcome to our November E-News!
In this issue, you can learn more about:
How will a monetary gift to your child affect your estate planning?
Parents are always looking for ways to assist their children, whether it be for house deposits, education or other life expenses, but have you thought about how this will affect your current estate planning, such as the gifts you have left in your will? Particularly if you have more than one child.
The financial risk in giving personal guarantees of leases
If you are a director of a company entering into a commercial or retail lease, the landlord will require you to give a personal guarantee of the company’s obligations under the lease. In such cases, directors should fully comprehend the extent of the guarantee they are providing and obtain appropriate legal advice to minimise financial exposure.
Death and superannuation benefits
It is important to understand the interplay of the laws governing superannuation, tax and succession when planning your estate. Appreciating how these laws interact can help avoid some common pitfalls in estate planning and may have significant impact on the net (after-tax) proceeds received by your beneficiaries. When we refer to ‘death benefits’ we generally mean the aggregate of a deceased person’s superannuation account and life insurance policies. These funds are treated in a very specific manner after a person dies.
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2020 Building and construction outlook for the Sunshine Coast
The building and construction industry on the Sunshine Coast has a strong foundation for consistent growth but according to Partner at Garland Waddington, Brendan Bathersby, there are plenty of issues that the industry will need to prepare for in 2020 and beyond.