If you are self-employed or in a small partnership, your extended absence from the business through sickness or injury can have a major
impact on the business’ ongoing viability, and the financial security of your family.
Business Expenses Insurance may help protect you by paying a monthly benefit you or your business to help cover the fixed business expenses that continue to be incurred while you are unable to work due to illness or injury.
A testamentary trust is commonly used by estate planning lawyers to protect the assets and inheritance of the testator’s benefciaries from creditors, family law actions and providing flexibility in relation to the distribution of the estate.
There are limits on how much you can pay into your super fund each financial year without having to pay extra tax. These limits are called ‘contribution caps’.
Building Family Wealth takes time. But how easily can it be torn down in expensive litigation, legal challenges and regulatory and economic threat?