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Squaw Valley first Monday after the holidays. Kids are back in school and the weather is wonderful.
Self-care Transformation vlog 104
Final. 1 year done. Lessons learnt.
Thank you to everyone who supported me through this time and shared their experiences. Best wishes for 2020 and beyond
#selfcare #meganwolfenden
Self-care Transformation vlog 103. Happy New Year. May 2020 be amazing for you and your family.
#happynewyear #selfcare #meganwolfenden
Self-care transformation vlog 102 with Anthony on the slopes on Christmas Day. But I said 101 on the video incorrectly. Happy to be exercising and getting out having fun.
#skiing #squawvalley #meganwolfenden
Self-care transformation vlog 101
Skiing in Squaw valley California. Very spoilt
#skiing #squawvalley #meganwolfenden
ASIC presents information about SMSF's. There is some difference of opinion about how accurate the information is. As a consumer you hope regulators act in your best interest as industry professionals have to by law.
ASIC SMSF fact sheet makes exaggerated claims
The corporate regulator’s fact sheet on the dangers of SMSFs exaggerates the cost involved in running self-managed funds and makes unfair comparisons between SMSFs and APRA-regulated funds, accordin...SMSF Deeds and Automatic Trustee Removal.
A good SMSF trust deed might include terms to automatically remove a trustee should they become insolvent / enter liquidation / receivership / bankruptcy.
Banks providing Limited Recourse Borrowing Arrangements might take issue with this and request removal of these terms from the trust deed.
In the absence of an automatic removal of trustee clause, a liquidator/trustee in bankruptcy assumes the powers of the trustee, including the power to sell assets. This completely undermines the asset protection provided by the trust structure, which is after all one of principle reasons for their use.
Keep this in mind when you review your trust deed or if someone asks you to change it to remove these terms. #SMSF
