riordans's Articles

SMSFs – property development & limited recourse borrowing

There appears to be growing enthusiasm amongst some advisers to recommend that their clients undertake property developments in their SMSFs, using limited recourse borrowing for finance. The basis for that recommendation appears to be that there are arguable grounds for doing so and the fact that the ATO has not expressly prohibited SMSFs from doing […]

Protective trusts & special disability trusts

In Will preparation and estate planning generally, particular consideration should be given to the possible establishment of protective trusts and Special Disability Trusts (SDTs) for any family members who are vulnerable because of, e.g: serious/significant physical disabilities; mental illness; gambling, alcohol or drug addition; spendthrift tendencies. If a potential beneficiary does have a serious disability, […]