Blended families and the 1 November 2017 changes to succession legislation

1.    Intestacy In Victoria, if a person dies without a valid Will (intestate), or with a valid Will but such Will does not deal with all of their assets (partially intestate),1 then the intestacy provisions of the Administration and Probate Act 1958 (the Act) will be applied. These provisions dictate the manner in which the […]

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Are you ready for the new Superannuation laws to take effect on 1 July 2017?

How do the changes affect me? The most significant change is the imposition of a transfer balance cap (TBC), which will impose a $1.6 million limit on the total amount that can be transferred into the tax-free retirement phase account. Whilst at present, all earnings on retirement phase accounts are tax-free, from 1 July 2017, […]

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