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Discretionary Trusts

It is strongly advised that investment assets, especially those that appreciate in value, be held in Discretionary Trusts.Apart from the flexibility achieved regarding the distribution of income and capital as well as asset protection there is no disposal upon death of one of the Beneficiaries and therefore no capital gains tax consequences.
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Business Succession Planning

A key component in any business is the agreement between all owners of the business and their entities. A business succession plan is an agreement between all the principals of a business, so that if one of the principals dies, becomes totally or permanently incapacitated or critically ill, then the outgoing principal will sell, and the continuing principals or their associates will buy the outgoing interest.

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De Facto Relationships and Property

In Victoria Section 275(1) of The Property Law Act 1958 (Vic) refers to de facto relationships as domestic relationships and defines a domestic relationship as being between two people who although not married to each other are living or have lived together as a couple on a genuine domestic basis irrespective of gender.
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