How the family home can stay in an individual’s name for the purpose of the CGT main residence exemption yet the value can in someone else’s hands. It illustrates the pros and cons of asset divestment to the next generation during the lifetime of the senior generation and how it should and should not be […]
In recent years ‘Discretionary Family Trusts’ have become more popular with many people turning to them as a strategy to reduce tax and protect their assets. Consequently, it is not unusual for a party (or parties) to a marriage or relationship to be included within a class of beneficiaries of a Trust that is controlled […]
Welden & Coluccio Lawyers is thrilled to announce its gold sponsorship of Ice Factor. Ice Factor is a life skills program, originally founded in 2005 to assist ‘at risk’, disengaged or disadvantaged teenagers identified by high schools. With ice hockey as a focus, the students are mentored; improving literacy and numeracy abilities while developing skills […]
Welden & Coluccio Lawyers wish to express their sincere thanks to our loyal supporters and clients. The following messages appeared on a slideshow during the recent Telstra Business Awards (SA). Thanks for your kind words. “A well-deserved nomination for the team at W&C great to see all the hard work, long hours, and dedication has […]
Prospect law firm, Welden & Coluccio Lawyers, were recognised for excellence in the field of estate planning and administration Tuesday 5th June 2016 at the Telstra Business Awards. The firm was selected as one of 5 finalists within the category ‘Best New Business’. Firm co-founding Principal, Jason Coluccio, reacted to this news by saying “The […]
This story starts like all good stories – at the bar over a few drinks!. There were two lawyers and a politician at the bar – no seriously, there were! We were at the recent Telstra Business Awards ceremony of which Welden and Coluccio Lawyers were a South Australian finalist, and we got to discussing […]
Significant changes to the regulations governing the administration of Super SA were made late last month. As is often the case, tens of thousands of South Australians associated with the fund, remain oblivious to these changes, let alone equipped to understand what this means for themselves and their families. Read on for the inside scoop […]
It’s that time of year again! With the new financial year in full swing, lawyers across the nation brace themselves with bated breath for the release of the new Family and Federal Court filing fees. You may recall my earlier blog where I discussed my concern in relation to how these fees literally skyrocketed last […]
When one thinks of law firms a few images spring to mind. Musty old books, polished hardwood floors, oversized mahogany desks and lawyers pigeon-holed in their own space across more than one floor (of what is often an old stately building). It is a set up that is generally conducive for solitary practices. That is, […]
The ‘Great Australian Dream’ is well and truly alive with nearly 70 percent of Aussies living in a home they own outright or have mortgaged. With the family home being the largest asset that most of us will ever own, it is important to understand that the way this asset is registered can have implications […]