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 experience has left us both feeling humbled. … [Read more...]
Two Lawyers and A Politician Were Drinking At A Bar: The Story of Public Service Super in SA
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 matters of estate planning with one of the state's leading politicians. In that discussion, … [Read more...]
Changes to Super SA Regulations: What this means and what you need to do about it?
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 on what these changes mean and what you need to do about … [Read more...]
Family & Federal Circuit Court Filing Fees: Latest Update
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 year. The fees were so high (to the point of being ridiculous) that the Senate … [Read more...]
The Future Space of Law
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, solicitors working on their own independently of one another. When Greg … [Read more...]
What Happens to my Home when I Die?
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 for what forms part of your estate when you die. “But it is my house, I paid the … [Read more...]
Telstra Business Awards 2016 South Australian Finalist
Welden & Coluccio Lawyers is thrilled to announce our involvement 2016 Telstra Business Awards. As one of six finalists in the category "New Business Award", we are humbled to be vying for this honour with other start-up businesses, each demonstrating the very best that Adelaide has to offer in terms of entrepreneurial innovation. We look forward to the announcement of the winners of … [Read more...]
Land Held in Trust? What You Need to Know About Registering Trustees
It is increasingly common to find that land is held in a family trust. As a strategy this holds many benefits (particularly those related to assets testing and taxation). However, if you are involved in such a situation it is critical that you understand the importance of having yourself, as a trustee, registered. When land is held in a trust, the trust itself cannot be registered as the … [Read more...]
Top 10 Reasons Why You Need a Will
At some point in the future you will die. Death (along with taxes) remains one of the few things in life which you can predict. While this is hardly a revelation it is a truth that too many people ignore, especially when you remind them of the importance of having a Will and estate plan. In fact, the question, “have you got your Wills sorted?” is too often followed by a dismissive shrug and … [Read more...]
Building a House? Save money AND your sanity.
My wife loves nothing better than a project (probably symptomatic of her chosen profession as a high school teacher). So I wasn’t too surprised then when she came to me with grand ideas of building a holiday house. “It will be fun,” she told me, “think of it as an adventure.” When I finished rolling my eyes I proceeded to remind her of all the problems associated with the process of … [Read more...]
