For any business owner, facing significant financial difficulty is one of the most stressful challenges imaginable. The pressure from creditors, the concern for your employees, and the uncertainty of the future can be overwhelming. However, it's crucial to remember that Australian law provides structured pathways to manage these situations. Making a proactive, informed decision is not an admission of failure, it is an act of responsible leadership. This guide will outline three key options available to companies in distress: Voluntary Administration, Receivership, and Liquidation. 1. Voluntary Administration: A Chance to Restructure and Survive Think of Voluntary Administration (VA) as a breathing room. It’s a process designed to give a financially troubled company the best possible chance of continuing to exist, or if that’s not possible, to provide a better return for creditors than an immediate liquidation would. What is it? The directors of a company determine it is insolvent or likely to become insolvent, and they appoint an independent, registered liquidator as an Administrator. This places a moratorium (or freeze) on most creditor claims, giving the company vital space to figure out its next move. What is the goal? The Administrator takes full control of the company to investigate its financial affairs. They then form an opinion on the three possible outcomes for the business: Return the company to the control of the directors. Approve a Deed of Company Arrangement (DOCA) – a binding agreement between the company and its creditors to settle its debts and continue trading. Wind the company up via Liquidation. Best for: Businesses that are fundamentally viable but are struggling with cash flow or debt. It provides a genuine opportunity to restructure, renegotiate with creditors, and emerge stronger. 2. Receivership: The Secured Creditor Takes Control Receivership is not typically a choice made by the business itself. Instead, it is initiated by a major secured creditor (like a bank) that holds security over some or all of the company's assets. What is it? A secured creditor appoints a "Receiver" to take control of the specific assets they have security over. The Receiver's primary duty is to the creditor that appointed them. What is the goal? The Receiver's main objective is to sell the secured assets to recover the money owed to their appointing creditor. Their focus is not on saving the company as a whole, but on satisfying the debt of one specific, powerful creditor. Key takeaway: If your business has significant loans secured by assets like property or equipment, receivership is a real possibility if you default. The directors' control over those assets is lost. 3. Liquidation: The End of the Company's Life Liquidation, also known as "winding up," is the formal process of bringing a company's existence to a close. It is the final stage when restructuring or recovery is not possible. What is it? A Liquidator is appointed to take control of the company's affairs. Their job is to identify and sell all company assets, use the proceeds to pay creditors in a specific order of priority defined by law, and officially deregister the company. What is the goal? The primary goal is to ensure an orderly and fair distribution of the company's remaining assets to its creditors. Any surplus funds, in the rare event they exist, are distributed to the shareholders. For the company itself, this is the end of the road. Key takeaway: This is the terminal option. It is initiated either by a court order, by creditors, or voluntarily by the company's directors and shareholders when they know the business cannot pay its debts. Why Early, Expert Advice is Your Most Valuable Asset Navigating the complexities of the Corporations Act 2001 is not something any director should do alone. The risks of trading while insolvent are severe and can expose you to personal liability. Engaging with legal and financial experts at the first sign of trouble is the most strategic step you can take. An experienced insolvency lawyer can act as your partner, helping you understand your duties, protect your personal position, and identify the best pathway for your unique situation. We can help you negotiate with creditors, correspond with administrators, and ensure every decision is made to secure the best possible outcome. Don't wait until the choice is made for you. Take control of the situation. If your business is facing financial uncertainty, contact our Commercial Advisory team for a confidential, no-obligation discussion about your options.
As family lawyer’s, we understand that legal fees can be a significant concern for individuals navigating the family law system. This often leads to the question of whether self-representation is a viable option. While it's certainly possible to represent yourself in family law matters, it's crucial to weigh the potential risks and benefits carefully before making this decision. Self-representation can save you on legal fees, but it also comes with significant challenges. Family law is a complex area with its own rules, procedures, and legal principles. Navigating this system without legal training can be overwhelming and increase the risk of errors or missed opportunities. Self-represented litigants may expose themselves to disadvantages when dealing with experienced lawyers representing the other party. They may not have the same level of legal knowledge, advocacy skills, or ability to gather and present evidence effectively. This can lead to unfair outcomes and a sense of powerlessness in the legal process. Additionally, self-representation can be emotionally draining, especially in cases involving high conflict or sensitive issues. The stress of managing the legal process alone, while also dealing with the emotional turmoil of a relationship breakdown, can take a toll on your mental health and well-being. While self-representation may be suitable for simple, uncontested matters, we generally advise clients to seek legal advice, even if it's just for an initial consultation. A lawyer can provide you with an objective assessment of your situation, explain your rights and obligations, and guide you through the legal process. They can also advocate for your interests, negotiate on your behalf, and represent you in court if necessary. Remember, the family law system is designed to be accessible to everyone, regardless of their legal knowledge or financial resources. By seeking legal advice and support, you can ensure your rights are protected and achieve a fair and just outcome in your family law matter.
Purchasing property interstate, whether for your first home or your next investment, is a positive step towards securing your future. However, fully grasping each state’s unique schemes and recently implemented regulations can be challenging. At Hammond Nguyen Turnbull, we assist clients in navigating the complexities of property purchases across Australia. If you are considering a purchase in Victoria, this article will help you understand Victoria’s new Land Tax Rules and what you need to be aware of. Lower Threshold Means More Landowners Are Now Taxed A land tax threshold is the minimum unimproved value of land where tax becomes payable. If the unimproved value of your land is below this threshold, you generally aren't required to pay land tax. However, if it meets or exceeds the threshold, land tax will be calculated on the taxable value of the land, often with different rates applying to different value brackets. Each state in Australia has a different land tax threshold. From 1 January 2024, Victoria slashed its land tax threshold from $300,000 to just $50,000 , catching tens of thousands of previously exempt landowners off guard. Since then, properties valued above $50,000 are subject to annual land tax, even if they are a primary residence that is partly used for business purposes. Primary Place of Residence (PPR) Exemption The Primary Place of Residence (PPR) Exemption still exists. This means that your home is generally exempt from land tax if it's truly your main residence.This means it's the place where you ordinarily live and conduct your daily life. However, this exemption can be partially lost if your home is used for business and meets certain conditions, even if you’re earning just over $30,000. When Home-Based Income Triggers Land Tax Victoria’s State Revenue Office (SRO) now flags home-based businesses more aggressively, using criteria like: Gross income of $30,000 or more from the home-based activity. Over 30% of your home’s floor space or land area used for that activity. Employees or contractors (not just family) working on the premises. Business activities requiring council permits. Extensive tax deductions claimed in your income tax return. If these conditions are met, the land used for business becomes subject to a pro-rated land tax based on its share of your property’s unimproved site value. For instance, a $900,000 home with 10% used for business means $90,000 is taxable. Under current rates, this could attract around $500 in annual land tax . Work-From-Home Debate and Uncertainty With the Victorian government’s push to formalise a right to work from home up to two days per week, concerns have surged about unintended land tax liabilities. Premier Jacinta Allan firmly denied any changes to tax settings, calling claims of new land tax for WFH workers “nonsense”. Still, tax experts caution that the current law already allows the SRO to strip exemptions if your home usage is deemed substantial even for salaried employees. Land Tax Rates at a Glance (2024 Onwards) According to the SRO’s rate schedule: Up to $50,000 — Nil $50,000 to < $100,000 — $500 $100,000 to < $300,000 — $975 Higher brackets apply for land exceeding these values. What You Should Do Next Assess your usage: do you earn over $30,000 at home? Is usage >30%? Are you claiming significant deductions? Track your property’s unimproved value and calculate the business-use portion. Stay informed about the expanding Vacant Residential Land Tax (VRLT) from 1 January 2025. It applies to properties left unoccupied over 6 months, state‑wide. Seek professional advice from a tax accountant or legal advisor to ensure compliance and minimise surprises.
The intersection between sport, mental health, and the law is once again in the spotlight with the case of harness racing driver Ben Sarina, who is challenging a decision that has barred him from the industry. Sarina, a lifelong driver, has battled significant mental health difficulties after being permanently warned off by Harness Racing NSW (HRNSW) following the infamous “green light scandal.” His case is now before the NSW Supreme Court, where he is appealing the decision. A Career on the Line Sarina was found guilty of falsifying records and was ordered to serve 12 months of community service. However, HRNSW imposed an additional penalty: a permanent warning-off notice, effectively ending his racing career. While the Honourable Justice Bellew previously ruled that penalties should be proportionate, the broader legal issue now before the Tribunal is whether a regulator can impose indefinite sanctions that exceed the bounds of criminal or civil penalties. Sarina, who has been around horses since childhood, has expressed that racing is his life and livelihood: “I would love to have my warning off lifted. I really struggle day to day because I don’t know anything else. I haven’t got a trade. I’m horse mad. I’ve been around horses since I was in nappies.” Legal and Regulatory Questions The case raises important questions about procedural fairness and the scope of authority regulators can exercise over individuals’ livelihoods. Can a regulator impose sanctions that go beyond a court-imposed sentence? How should penalties balance deterrence with rehabilitation? What safeguards exist for participants when lifelong bans are imposed? These questions are not just relevant to the harness racing industry—they highlight broader issues faced by professionals in regulated sectors where governing bodies wield significant power. The Human Element The legal issues are complex, but at their heart lies the human impact. Sarina has spoken openly about the toll on his mental health, describing how the ban has left him without purpose and struggling to provide for his family. Cases like this underline the importance of ensuring that disciplinary action by regulators is fair, proportionate, and consistent with broader principles of justice. The Outcome Peter Morris, Special Counsel at Hammond Nguyen Turnbull raised critical questions about: The Scope of power under statute. The Scope of the rules of racing. The application of the rules to a person not participating in harness racing. Mr Morris was able to successfully argue that Harness Racing New South Wales acted outside their power and that the warning off imposed by HRNSW be removed from his record, highlight that HRNSW can only penalise those participating in the sport. Looking Ahead If the matter is appealed to the Supreme Court, its decision will not only determine Sarina’s future but may also shape how regulatory bodies in sport and beyond apply their disciplinary powers in years to come. At Hammond Nguyen Turnbull, we regularly assist clients navigating disputes with regulators and governing bodies. Whether in sport, employment, or commercial dealings, we advocate for fairness, proportionality, and the protection of rights.
Preparation is key to a successful family law case. As family lawyers, we emphasise to our clients the importance of gathering relevant evidence and documentation to support their claims and build a strong case. This proactive approach can streamline the legal process, save time and money, and increase the chances of a favorable outcome. Start by organising your financial documents . This includes bank statements, tax returns, payslips, superannuation statements, and any other documents that show your income, assets, and debts. If you're involved in a property settlement, gather documents related to real estate, vehicles, businesses, and other assets. Next, collect evidence of your contributions to the relationship and your future needs . This may include documents showing your contributions to the household, caregiving responsibilities, and any factors that may affect your ability to support yourself or your children in the future. If there are issues of family violence or child abuse , gather any evidence that supports your claims, such as medical reports, police reports, or witness statements. Communication records can also be valuable evidence. This includes emails, text messages, and social media posts that may be relevant to your case. However, it's important to obtain these records legally and ethically. Remember, the sooner you start gathering evidence, the better . As time passes, documents may be lost or destroyed, and memories may fade. By being organised and proactive, you can build a strong case and present your best possible arguments in court.
From 1 October 2025, the Federal Government will expand the First Home Buyers Guarantee (FHBG) in a way that is expected to reshape the pathway into home ownership for thousands of Australians. These reforms are particularly significant for prospective buyers in New South Wales, where property prices often place ownership out of reach. Below we set out what has changed, why it matters, and an example of how the Guarantee can work in practice. What Has Changed? The FHBG has been part of the national Home Guarantee Scheme, designed to help first-time buyers purchase with a smaller deposit. Until now, eligibility was restricted by income limits and a capped number of places each year. The new legislation makes several important changes: Universal access – no more income caps and no limits on the number of applicants. Reduced deposit requirement – buyers need only a 5% deposit, with the Commonwealth guaranteeing up to 15% of the loan. No Lenders Mortgage Insurance (LMI) – banks are willing to lend up to 95% without LMI because of the government guarantee. Higher property price caps in NSW: Sydney and regional centres: increased from $900,000 to $1,500,000 Other NSW areas: increased from $750,000 to $800,000 Benefits for Buyers These reforms open the door for more people to purchase their first home, and to do so sooner. Faster entry into the market – Saving a 20% deposit can take many years. With a 5% deposit, buyers can enter the market much earlier. Significant cost savings – LMI is no longer payable, which can save buyers tens of thousands of dollars. Access to more properties – Higher price caps mean the Guarantee now applies to homes in more realistic price ranges for NSW. Greater inclusivity – By removing income thresholds and caps on places, the scheme is available to a much broader group of buyers, including those in high-cost markets such as Sydney. Example: How It Works Scenario: Property price: $1,200,000 (within Sydney price cap) Buyer’s deposit (5%): $60,000 Government guarantee (15%): $180,000 Loan amount: $1,140,000 (95% of purchase price) LMI payable: $0 Without the Guarantee, the buyer would ordinarily need a deposit of $240,000 to avoid LMI. Under the new FHBG, the buyer can purchase with just $60,000 upfront – saving both time and money. What Clients Should Keep in Mind While the changes are very positive for first-time buyers, there are also broader considerations: Some economists warn the reforms could increase property prices if supply does not keep up with demand. The Guarantee does not replace normal lending criteria – buyers will still need to meet bank affordability and serviceability requirements. The FHBG can be combined with NSW state schemes such as the First Home Owner Grant or stamp duty concessions, maximising benefits. Key Takeaway The expanded First Home Buyers Guarantee represents a major opportunity for first-time purchasers in NSW. By lowering the deposit hurdle and removing LMI costs, it makes property ownership more achievable in a challenging market. For clients, this is the ideal time to seek advice on how the FHBG works alongside other government incentives, lending arrangements, and the legal aspects of purchasing a property.
The world is abuzz with the joyous news of Taylor Swift and Travis Kelce's engagement! As we celebrate their union, this high-profile engagement serves as a timely reminder for all couples, regardless of their celebrity status, about the importance of proactive financial planning and asset protection. What is a Binding Financial Agreement? A Binding Financial Agreement (BFA), often referred to as a prenuptial agreement (or "prenup"), is a legally binding contract made by two people who are in a de facto relationship, contemplating marriage, or already married. It outlines how assets, liabilities, and financial resources will be divided in the event of a separation or divorce. While some may view BFAs negatively, they are, in fact, a sensible and strategic tool for financial clarity and peace of mind. Why Consider a BFA? Asset Protection: For individuals who bring significant assets into a relationship, such as inheritances, businesses, or properties, a BFA can protect these assets from being divided in ways they didn't intend. Debt Protection: BFAs can also clarify how existing debts, or debts incurred during the relationship, will be managed, safeguarding one partner from the other's financial liabilities. Clarity and Certainty: It provides a clear framework for financial matters, reducing potential disputes and emotional stress should the relationship end. Estate Planning: A BFA can complement your estate planning, ensuring that your wishes for your assets are respected even after marriage. Future Business Ventures: For entrepreneurs, a BFA can protect business interests and ensure continuity, regardless of marital status. Beyond the Headlines: A Universal Need While the Taylor Swift and Travis Kelce engagement highlights the need for BFAs among high-net-worth individuals, the principles of asset protection apply to everyone. Marriage is a significant legal and financial commitment. Taking the time to discuss and formalize financial arrangements can strengthen a relationship by fostering open communication and mutual understanding. How Hammond Nguyen Turnbull Can Help At Hammond Nguyen Turnbull, our experienced family law team understands the sensitive nature of financial agreements. We provide compassionate, confidential, and expert legal advice to help you: Understand the implications of a BFA for your specific circumstances. Draft a comprehensive and legally sound agreement that reflects your intentions. Negotiate terms fairly and respectfully with your partner. Ensure compliance with all legal requirements. Just as Taylor and Travis are building a life together, you too can build a secure financial future. Contact Hammond Nguyen Turnbull today to discuss how a Binding Financial Agreement can provide you with confidence and peace of mind.
It’s a common and dangerous misconception: that because Australian corporations with 10 or more employees cannot sue for defamation, they are powerless against false statements that damage their reputation and bottom line. As of August 2025, in an era of instant digital outrage, this belief leaves many businesses feeling exposed. The reality is far different. While the front door of defamation law may be closed, the law provides several powerful side doors for large corporations to protect their brand, revenue, and reputation. Understanding these alternative legal weapons is critical for any major Australian business. The Defamation Rule: A Quick Recap The law preventing large companies from suing for defamation was designed to foster public debate, ensuring powerful entities couldn't use their resources to silence critics. However, the law never intended to provide a free-for-all for anyone to publish damaging falsehoods without consequence. If your business is facing a reputational attack, here are the primary legal avenues you can and should consider. 1. Injurious Falsehood: The Business Reputation Tort Think of injurious falsehood (also known as malicious falsehood) as the business-focused cousin of defamation. It is specifically designed to compensate for economic loss suffered due to false statements made about a business. To succeed in an action for injurious falsehood, a business must prove four things: A False Statement: A false statement was made about the company’s goods, services, or business practices. Publication: The statement was published to a third party. Malice: The publisher acted with malice. This is the key difference from defamation. You must prove the person who made the statement knew it was false or was recklessly indifferent to the truth. Actual Damage: The false statement caused actual financial loss. This could be cancelled contracts, a measurable drop in sales, or costs incurred to mitigate the damage. While the requirement to prove malice and actual damage makes it a higher bar than defamation, it is a powerful tool against deliberate and malicious attacks. 2. Misleading or Deceptive Conduct: The ACL Powerhouse Section 18 of the Australian Consumer Law (ACL) is arguably the most potent and versatile weapon in a large corporation's arsenal. It states that a person must not, in trade or commerce , engage in conduct that is misleading or deceptive or is likely to mislead or deceive. How does this apply to reputational attacks? Competitor Statements: If a competitor makes false or misleading comparisons, or publishes false negative information about your products or services to gain a commercial advantage, this is a clear breach of the ACL. False Online Reviews for Commercial Gain: If a person or rival business creates fake negative reviews to harm your business and promote another, this falls squarely within "trade or commerce." Media & Bloggers: Even some media publications or influential bloggers who operate on a commercial basis could be captured if they publish misleading statements without proper verification. The remedies under the ACL are significant and include: Injunctions to immediately stop the conduct. Damages to compensate for any loss suffered. Orders for Corrective Advertising , forcing the offender to publicly retract their statements. 3. Protecting Your People: Individual Defamation Claims An attack on a business is often executed through an attack on its leaders. While your corporation may not be able to sue for defamation, its directors, CEO, or other executives can sue as individuals if they are identified and their personal and professional reputations are harmed. This can be a highly effective strategy. A false statement that a company is "corrupt" is also a statement that its directors are "corrupt," providing them with a direct path to file a defamation claim to protect their own reputations and, by extension, vindicate the business. A Proactive Strategy is Your Best Defence Knowing your legal options is only half the battle. A large business must have a clear and immediate action plan: Document Meticulously: Preserve all evidence of the false statements. Screenshot websites, social media posts, and online reviews. Note the date, time, and URL. Quantify the Damage: Immediately begin tracking financial impact. Collate data on sales drops, customer enquiries mentioning the false statement, and lost contracts. This is vital evidence for any claim. Issue a Precise Cease and Desist Letter: Instead of a defamation "Concerns Notice," your lawyers will draft a robust Cease and Desist letter. This notice will allege breaches of the Australian Consumer Law and/or injurious falsehood, demand a retraction, and put the publisher on notice of a potential claim for damages. Leverage Platform Power: Report the false statements to the host platforms (Google, Meta, X, etc.), citing breaches of their terms of service and potentially the ACL. Medium to large businesses are not defenceless. By understanding the powerful legal tools available beyond defamation, you can effectively fight back against false and damaging statements, protecting your brand, your employees, and your bottom line. If your corporation is the subject of a reputational attack, it is crucial to seek expert legal advice immediately. Contact us to discuss a strategic response to protect your commercial interests.
Same-sex couples in Australia have the same rights and obligations under family law as heterosexual couples, including the right to marry and divorce. As family lawyers, we assist same-sex couples in navigating the legal landscape of divorce, ensuring they understand the process and their entitlements. The grounds for divorce are the same for same-sex couples as they are for heterosexual couples: the irretrievable breakdown of the marriage, evidenced by a 12-month separation period. The process for filing for divorce and obtaining a divorce order is also the same. However, there may be some unique considerations for same-sex couples, particularly those who were in a de facto relationship before same-sex marriage was legalised in Australia. Property and financial matters may need to be addressed for the period of the de facto relationship as well as the marriage. As family lawyers, we provide tailored advice to same-sex couples, taking into account their specific circumstances and needs. We guide them through the divorce process, assist with property and financial matters, and advocate for their rights in court if necessary. The legalisation of same-sex marriage in Australia was a significant step forward for equality. We’re proud to play a role in supporting same-sex couples through the legal process of divorce, ensuring they are treated with dignity and respect and receive a fair and just outcome.
Estate planning is one of the most important steps you can take to secure your family's future. While a standard Will is a fundamental starting point, for many people, a more sophisticated tool can provide far greater protection and flexibility: the testamentary trust. At Hammond Nguyen Turnbull, we specialise in helping our clients navigate the complexities of estate planning. We find that many people are unaware of the significant advantages a testamentary trust can offer. This article will break down what a testamentary trust is, how it works, and the powerful benefits it can provide for your loved ones. What is a Testamentary Trust? Simply put, a testamentary trust is a trust that is created by your Will and only comes into effect after you pass away. Instead of your assets passing directly to your beneficiaries, they are held in a trust structure and managed by a person you appoint, known as the trustee. The trustee then manages and distributes the assets to the beneficiaries according to the rules and wishes you've set out in your Will. How Does a Testamentary Trust Work in NSW? The process might sound complex, but it can be understood in a few key stages: Creation in the Will: Your solicitor drafts your Will to include specific clauses that establish one or more testamentary trusts. You will outline who the beneficiaries are, who will act as the trustee, and the terms under which the trust will be managed. Activation Upon Death: The trust does not exist while you are alive. It is only activated upon your death. Transfer of Assets: Your assets (such as property, shares, or cash) are transferred from your estate into the trust, rather than directly to the individual beneficiaries. Management by the Trustee: The trustee you appointed—often a trusted family member, a professional advisor, or a combination—takes legal control of the trust's assets. Their job is to manage these assets and make distributions to the beneficiaries in accordance with the terms of your Will. The Key Benefits of a Testamentary Trust Establishing a testamentary trust offers powerful advantages that a simple Will cannot. The main benefits fall into three major categories: asset protection, tax effectiveness, and control. 1. Superior Asset Protection This is one of the most compelling reasons to create a testamentary trust. Because the assets are owned by the trust and not the beneficiary personally, they are generally protected from claims against that beneficiary. This can be crucial in several situations: Bankruptcy: If a beneficiary faces bankruptcy, the assets held in the trust are typically shielded from creditors. Family Law Disputes: In the unfortunate event of a beneficiary's divorce or separation, a well-drafted testamentary trust can protect their inheritance from being included in the pool of assets to be divided in a family law property settlement. Note that this does not stop the asset from being considered a financial resource however, it does reduce the split. Creditors or Legal Claims: If a beneficiary is sued, the inheritance held within the trust is generally safe. 2. Significant Tax Advantages A testamentary trust can be a highly effective vehicle for tax planning. Income generated by the trust's assets (such as rent from a property or dividends from shares) can be distributed among a group of beneficiaries (e.g., your child, their spouse, and their children) in the most tax-efficient way. The most significant advantage relates to beneficiaries under 18. Normally, income distributed to minors is taxed at very high penalty rates. However, income distributed from a testamentary trust is a key exception. Beneficiaries under 18 are taxed at normal adult marginal tax rates, which includes a tax-free threshold (currently $18,200). This allows for significant tax savings and can provide substantial funds for a child's education and upbringing. 3. Protecting Vulnerable Beneficiaries and Maintaining Control A testamentary trust allows you to provide for your loved ones while ensuring the inheritance is managed responsibly. This is particularly useful for: Minor Children: It ensures their inheritance is managed for them until they reach an age where they are financially mature. Beneficiaries with Disabilities: A trust can provide for their needs without affecting their eligibility for a disability support pension. Beneficiaries with Addiction or Financial Issues: You can set rules for how and when funds are distributed, ensuring the inheritance is used for their long-term benefit and not squandered. This structure gives you peace of mind that your hard-earned assets will be used as you intended, providing lasting security for your family. Is a Testamentary Trust Right for You? While incredibly beneficial, a testamentary trust is not necessary for every situation. You should consider it if: You have a significant asset base you wish to protect. Your beneficiaries are young, or you are concerned about their financial management skills. You want to provide maximum flexibility and tax effectiveness for your beneficiaries. One of your beneficiaries is in a high-risk profession or business. Secure Your Legacy with Expert Advice A testamentary trust is a sophisticated estate planning tool that offers unmatched asset protection, tax benefits, and control. By planning today, you can provide a more secure and prosperous future for the people you care about most. The rules governing Wills and trusts can be complex. It is essential to seek professional guidance to ensure your Will is drafted correctly to achieve your specific goals. If you would like to discuss whether a testamentary trust is the right choice for your estate plan, contact the experienced team at Hammond Nguyen Turnbull today. We are here to provide clear, strategic advice to help you protect your assets and your family.