Queensland Public Trustee’s Post

Empower your estate's potential with Telschow Johnson Law's expertise in wills and testaments! Our seasoned legal team offers guidance in shaping your wealth's destiny, appointing a trusted guardian for your children, securing your family's future, optimizing debt and tax strategies, and facilitating charitable contributions. This critical legal framework empowers you to craft your legacy and ensure your final wishes are respected. Seize the opportunity to safeguard what matters most with this essential step. Contact us today for detailed information and expert counsel. ⚖️ #tjlaw #lastwillandtestiment #will #estatelaw #estateplanner #estateplanning #eldercare #elderlaw #advancedirectives #fortworth

Planning your estate is a responsible way to ensure your wishes are carried out after you're gone. A crucial piece of this puzzle is choosing an executor, the person responsible for managing your estate according to the terms of your will. Why an Executor Matters: An executor takes care of a variety of tasks, such as gathering and valuing assets, paying debts and taxes, and distributing your remaining wealth according to your wishes. Without an executor, the court appoints someone, which could delay the process and potentially lead to outcomes you didn't intend. Don't have an obvious choice? there are a few other options to consider: ① Professional Executor: Law firms, trust companies, or other professionals can be hired to act as your executor. This provides experience and expertise, but comes at a cost. ② Charity as Executor: You can name a charitable organization as your executor. This might be a good option if you don't have close family or if you want to support a cause you care about. However, keep in mind that charities may not have the same level of expertise in handling complex estates. ③ Backup Executor: If you're unsure who to choose as your primary executor, naming a backup can provide peace of mind. This person can step in if your first choice is unable or unwilling to serve. No matter which option you choose, it's important to carefully consider your decision and to make sure that your executor is aware of their role and responsibilities. With proper planning and the right executor in place, you can have peace of mind knowing that your final wishes will be carried out. Contact Moran & Associates to discuss your trust & wills needs. #palmbeach #estateplanning #trustlaw #realestatelaw #moranandassociates

Honored to have represented the Multi Commodity Exchange Investor Protection Fund before the Hon'ble Tribunal Mumbai bench. The Tribunal has dismissed the Revenue's appeal in a significant case regarding the applicability of the proviso to section 2(15) and the eligibility for benefits under section 11 of the Income Tax Act. The decision aligns with the earlier ruling in the NCDEX Investor (Client) Protection Fund case, reinforcing that the Fund operates as a public charitable entity with its contributions directed towards the benefit of the general public. The Tribunal’s ruling is a step forward in ensuring that such investor protection funds continue to receive the tax exemptions they are entitled to, further promoting the welfare of the investor community at large. #LegalVictory #TaxLaw #InvestorProtection #CharitableTrust

One of the key advantages of charitable trusts is their ability to protect your assets. When you transfer assets into a charitable trust, they are no longer considered your personal property. This separation shields your assets from creditors, lawsuits, and other potential risks. . . Read more about it here: https://lnkd.in/gYpKVyAt . . #EstatePlanning #LegacyPlanning #PlanForTheFuture #burrlaw #thelawoffice #thelaw #law #lawyer #work #consultation #freeconsultation #office #estateplanning #probate #help #firm #case #lawyerslife #LawyerLife #lawyersoffice #lawyersofinstagram #lawyerissues #trust #auroracolorado #parkercolorado #denvercolorado #centennialcolorado

Unlock the potential of your estate with Telschow Johnson Law's expertise in wills and testaments! Our seasoned attorneys can assist you in shaping the destiny of your wealth, appointing a trusted guardian for your children, securing your family's future, optimizing debt and tax management, and making charitable contributions. This vital legal document empowers you to create your legacy and ensure your final wishes are honored. Don't overlook the opportunity to protect what matters most through this crucial step. Get in touch with us today for more information. ⚖️🔒 #tjlaw #lastwillandtestiment #will #estatelaw #estateplanner #estateplanning #eldercare #elderlaw #advancedirectives #fortworth

When it comes to trusts and estate planning, some people tend to overthink the benefit of setting them up in the first place. Here are three questions I ask when it comes to figuring out whether it's time to consider a trust: ❓How much control do I want to have over my assets after I’m gone? ✅If you'd rather have a say in how your assets are managed and distributed after you're gone instead of letting your family decide, then a trust might be worth looking into. ❓Do I have plans to spend most of it, then leave the money to charity after I’m gone? ✅If so, then a Charitable Remainder Trust could help you kill two birds with one stone when it comes to tax efficiency and giving in a mindful manner. ❓Am I concerned about my family's privacy enough to move all of my assets into a trust? ✅Avoiding probate and nosy neighbors sounds great, but selling a home in an irrevocable trust can lead to unexpected hassles. Make sure you weigh the pros and cons before deciding. 🧐Is a trust right for you? If you're long-term-minded and have the patience to manage the process, then setting up a trust is worth exploring. Even so, when it comes to estate planning, I like to keep things simple and easy so my family can focus on what’s truly essential especially at a time when they can’t focus on anything else.

"What Is the Order of Beneficiaries in a Will?" https://lnkd.in/emy4imYr Understanding how assets are distributed in a will can help ensure clarity and avoid disputes among heirs. Here’s what you need to know: 1️⃣ Primary Beneficiaries: These are the individuals or entities (like charities) named to receive specific assets or portions of the estate first. 2️⃣ Contingent Beneficiaries: If primary beneficiaries are unable or unwilling to inherit, the contingent beneficiaries step in to receive the assets. 3️⃣ Residual Beneficiaries: These individuals or entities inherit any remaining assets after all specified distributions and debts have been handled. Every will is unique, and the order of beneficiaries should align with the testator's wishes and legal requirements. Need assistance drafting or reviewing your will? Contact the Morgan Legal Group today for expert estate planning services. 📍 Head Office 100 Church Street, 8th Floor New York, NY 10007 📞 (212) 561-4299 📧 contact@morganlegalny.com 🌐 morganlegalny.com #Beneficiaries#EstatePlanning#WillsAndTrusts #NewYorkAttorney

When it comes to trusts and estate planning, some people tend to overthink the benefit of setting them up in the first place. Here are three questions I ask when it comes to figuring out whether it's time to consider a trust: ❓How much control do I want to have over my assets after I’m gone? ✅If you'd rather have a say in how your assets are managed and distributed after you're gone instead of letting your family decide, then a trust might be worth looking into. ❓Do I have plans to spend most of it, then leave the money to charity after I’m gone? ✅If so, then a Charitable Remainder Trust could help you kill two birds with one stone when it comes to tax efficiency and giving in a mindful manner. ❓Am I concerned about my family's privacy enough to move all of my assets into a trust? ✅Avoiding probate and nosy neighbors sounds great, but selling a home in an irrevocable trust can lead to unexpected hassles. Make sure you weigh the pros and cons before deciding. 🧐Is a trust right for you? If you're long-term-minded and have the patience to manage the process, then setting up a trust is worth exploring. Even so, when it comes to estate planning, I like to keep things simple and easy so my family can focus on what’s truly essential especially at a time when they can’t focus on anything else.

I don't understand why UHNWIs have family offices. Investment management could be better implemented by a large, evidence based advisory firm. Most endowments underperform a simple 60/40 portfolio. Do family offices do better? Do they have more infrastructure and expertise than a large advisory firm? Tax planning could be better implemented by one of the major accounting firms. They could also advise on the tax aspects of philanthropic activities. If more consulting on charitable giving is required, there are many private firms like Rockefeller Philanthropy Advisors and others of similar stature. Estate planning should be done by a large estate planning law firm. Even concierge services can be outsourced to firms like Quintessentially. What am I missing?

Recently, I’ve been looking into Section 92 of the Code of Civil Procedure (CPC), which addresses legal recourse for public charitable trusts, particularly in cases of mismanagement. One question that’s been on my mind is whether an NGO, alongside a family member of a trustee, can initiate a suit against a trust. Even if the NGO doesn’t have a direct relationship with the trust, could it still file a suit solely on the basis of public interest? Additionally, I’m exploring whether two NGOs could collaborate as plaintiffs in such a case. Could they act together to ensure the trust is administered in line with its charitable objectives? A real challenge here is that some family members may hesitate to come forward, fearing that if they pursue legal action, they could be asked to vacate trust properties where they currently reside. However, there is a strong possibility that once a suit filed by two NGOs receives leave from the court, those family members might feel more comfortable joining the case, knowing that the initial burden of litigation is not solely on them. From the commentaries and case law I’ve reviewed, it appears that as long as NGOs can show a genuine interest in ensuring the proper administration of the trust, they could be allowed to file a suit under Section 92 CPC, even without a direct connection to the trust. If anyone has thoughts or insights, especially on whether multiple NGOs can work together as plaintiffs or how family members might join later in the process. I’d love to hear your perspective! #LegalInsights #PublicTrusts #NGO #Section92CPC #CharitableTrusts #LawInAction