BLB News

Looking after a pet in your Will

05/07/2018

Is your family lucky enough to have a furry, feathered or scaled friend? The research on the health benefits for us in having a pet is very strong and many people do. So why shouldn't our pets be recognised in our Will?

Bankruptcy and SMSF

05/06/2018

John and Mary are individual trustees of their SMSF. John has incurred quite substantial amount of unmanageable debts and recently entered into a voluntary bankruptcy. John is unsure what he should do as a trustee in these circumstances. Jeff Song outlines the issues.

New LRBA rules to apply after 1 July 2018

05/06/2018

A new piece of legislation giving effect to proposed measures announced during the 2018 Budget in respect of limited recourse borrowing arrangements ('LRBA') is currently being discussed by Parliament. Julie Hartley explains.

SMSF member limit to increase from 4 to 6

05/06/2018

One of the key changes from this year's budget is the Government's proposal to increase the maximum permitted number of members in a self-managed superannuation fund from 4 to 6 members. Elizabeth Wang discusses the change.

Which takes precedence - the Binding Death Benefit Nomination or the Reversionary Pension?

05/06/2018

The question about which of these documents takes precedence if they are both in existence on the death of the member is kind of like "which came first the chicken or the egg" - it's been around that long and is still asked regularly. Peter Townsend reports.