Wilson Haynes Solicitors Conveyancers Business Advisers

Learn more about the costs of setting up or buying a small business.

Four Family Law Fallacies that are worth knowing.

Don't have your estate pay unnecessary tax - after you die.

Congratulations to Brigid Davey, first female board member of the Tweed Heads Seagulls RLFC. A fantastic and progressive step, Brigid joins Jim Wilson, Darryn Staff, Jamie McDoanld and Chairman Rex Paton.
Story credit: Gold Coat Bulletin July 19

Important information regarding YOUR WILL: Don’t have your estate pay unnecessary tax – after you die. In your will, give your beneficiaries the option of taking their inheritance directly or via a testamentary discretionary trust. This could save them hundreds of thousands of dollars in tax*
How your will can save tax for your estate and beneficiaries:... 1. By streaming income and capital gains tax from estate assets to relatives who are low taxpayers at the time of your death; 2. E.g. a house left to a specific beneficiary/s; Income can be streamed to the children of the beneficiary under 18 years, to take advantage of their preferential tax rates. Possible to save at least 50.0% $350,000.00) in tax for your estate over 10 years and, therefore, your beneficiaries*. 3. Income streaming can only occur by providing a model testamentary discretionary trust deed with your will, for use if needed, on your death. - Can save your estate hundreds of thousands of dollars in tax. *ask us to show you an example, so you can determine its relevance to you
Other benefits of a ‘testamentary trust’ will: 1. Established to e.g. Provide for education and general life advancement of beneficiaries under 18 years: Trust then funds these expenditures with lower-taxed dollars than e.g. If a parent did so. 2. Protecting assets from bankruptcy and family law claims: Beneficiaries assets have a much greater chance of not being attacked by parties adverse to the beneficiaries. 3. Exclude persons who would otherwise be persons eligible to benefit under your will. 4. No capital gains tax (cgt) on an estate asset left to a foreign beneficiary nominated in the will: 5. Preservation of the Centrelink entitlements of a beneficiary: Beneficiary will have no direct control over the assets of the trust. - Intellectual disability of beneficiary - Substance abuse problem of beneficiary - Severe disability of beneficiary 6. Flexibility to have beneficiaries take their share directly rather than being held in the testamentary trust: - For example; beneficiary can sell the asset to pay off their own mortgage.
For further information please phone Jim Wilson, Principal - Wilson Haynes - solicitors-conveyancers & business advisors - on 07-55363055 x 4
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Wilson Haynes solicitors conveyancers & business advisors:- acknowledged as Tweed business of June 2018 - for its service to Chamber members and for its generosity in the community. Our principal Jim Wilson is seen here with other members of the Chamber.

PBC Alliance golf day team pics at Wilson Haynes sponsored hole 10. Proudly supporting the local community via Palm Beach Currumbin State High School alliance golf day. This alliance exists to raise funds for school, education, cultural and sporting pursuits. Great day had by all - thank you for this opportunity!

Wilson Haynes Solicitors proudly supporting Palm Beach Currumbin State High School's Golf Day at Palm Meadows. Heres all the team pics on our sponsored hole 10 :)

Why did we decide to use the Lighthouse as our logo? The answer is that a lighthouse is the quintessential sign of service and guidance to sailors in an unpredictable and dangerous sea: it signals nurturing for its clients, security and path setting to those responsible for plotting their course. We, as solicitors, see ourselves as providing a similar service to our clients - we help our clients create, protect and grow their prosperity™ .

Case study: Be careful about making loans. Clients wanted to make a six-figure loan to a not for profit to partly fund new extensions. We advised the client to conduct due diligence on the project and satisfy themselves that the organisation had sufficient resources to complete the extensions and repay the loan in 3 years. After requesting information and not being given it and considering other, the clients decided that they would not proceed with the loan. The message is don’t presume that your hard-earned savings should be put at risk without due inquiry and documentation.

“Fostering the future…our principal, Jim Wilson, proudly donating 2 personal laptop computers to students at Palm Beach Currumbin High School” PBC Post: A big shout out to PBC Alliance Partner, Jim Wilson of Wilson Haynes Solicitors Conveyancers Business Advisers for being the wonderful benefactor to two Year 7 students. Jett and Levi were selected by PBC's Middle School Deputy and Dean of Students to be the recipients of their own personal laptop, donated by Jim, that would... allow them both to participate in the BYOD Program and make the most of their schooling. Jim enjoyed having a chat to the boys about school and the importance of doing well, while sitting at our beautiful sandstone Table of Leadership that was donated by another PBC Alliance Partner Michael Wyatt of Stone Style and Stone Mason Peter Sampson. Thank you Jim, those big smiles say it all
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Fluency of Speech in Successful Marketing- Another great Business Expansion Network Meeting this morning. We were addressed by a rep of Palm Beach Currumbin Toastmasters Club.

Sean Powell is our Senior Associate solicitor. Sean has a Marketing Degree from QUT and has worked for law firms in Brisbane CBD. Sean has worked for us for 3 years and handles our Property and Estates Distribution section. He is a former Qld Bulls cricket squad member, who now actively engages in his first loves of surfing and golf on the beautiful southern Gold Coast-Tweed.

In my opinion, owners of businesses who do not get their documented procedures organised and systematised are increasing the risk of negligent failures and decreasing the sale price of the business. Ask your staff to help you systematise the business.

The successful appeal which reduced Rebel Wilson’s defamation payout from $4.5 million to $600K must have come as a big relief to Australia’s largest media outlets who joined together in a rare showing of team spirit. The outcome of her subsequent appeal will be interesting to follow and is likely to have broad implications for both the media and legal industries in respect to future defamation claims. Read more here http://www.abc.net.au/…/rebel-wilson-to -appeal-deci…/9873394

Our new website has been constructed for user comfort. I invite you to visit our website. You will find it asks you first if you are an individual (employee or retiree) OR someone thinking of going into business or in business. We then go on to ask you what you are looking for, as each of the considerations can be different for individuals and business owners. Visit www.wilsonhayneslaw.com.au

Case study: How important it is to get your will organised...? Some months ago, we prepared a complicated new will for a client. We contacted her many times to come back to see us to review our draft and work up a new will to be signed and she did not. Last week, we were called to large hospital because we received a message that our client now wanted to sign the will. When we approached her, we quickly determined with the assistance of medical staff, that our client was in no mental or physical state to review the complicated changes she wanted to our will. Accordingly, she did not have testamentary capacity, and the new will was not signed. The message is don’t presume that you won’t become too ill to sign your new will.

Wilson Haynes Solicitors, Conveyances & Business Advisors: Litigation Services: these are mainly in the areas of property and conveyancing; family law; and general commercial matters. Our approach is to engage with the other side and convey the logic of our client’s position in the matter and invite independent mediation. Whilst independent mediation is costly, it is nowhere as costly and time-lagged as a full-on court hearing. We encourage our clients and the other side to understand that mediation requires each party at war to settle for less than they are demanding, so as to stop spending money on lawyers and spending time on non-productive matters. www.wilsonhayneslaw.com.au

Jim and his team are so knowledgable and helpful!!!

Jim and his team are so knowledgable and helpful!!!

Jim and his team are so knowledgable and helpful!!!

Jim and his team are so knowledgable and helpful!!!