2023 Releases
      Back to home
      1. Success Hub
      2. Release Notes
      3. 2023 Releases

      August 2023 Updates

      Document Updates

      • 01/08/2023 The LYD Will - Updated footer text
      • 02/08/2023 Advance Care Directive - VIC - Fixed painted text output
      • 02/08/2023 The LYD Will and EPOA & The Moat and Castle - Updated footer text for Will documents
      • 02/08/2023 Protection Trust documents - Updated meaning of Bloodline to "‘Bloodline Beneficiary’ includes a person's children or other lineal descendants such as grandchildren and great-grandchildren and may include any child or any person deemed to be bloodline by the FPA."
      • 04/08/2023 Advance Health Directive (WA) - Fixed painted text output.
      • 04/08/2023 Documents with LYD Will - Added spacing (1.5) in footer and removed date in Will documents
      • 04/08/2023 Upgrade of Discretionary Trust to a LightYear Docs Strategic Discretionary Trust - Removed the text 'The Trustee' in the beginning of clause 6.4 to 6.6
      • 07/08/2023 Company Establishment Documents - Allowed appointing successor director for both parents
      • 08/08/2023 The LYD Will and EPOA & The Moat and Castle - Allowed appointing successor director for both parents
      • 09/08/2023 Family Protection Trustee Company - Fixed missing name in Share certificate
      • 09/08/2023 EPOA, The LYD Will and EPOA & The Moat and Castle - Fixed issue in Vic EPOA on how the attorney and Alternative attorney should act if more than one
      • 09/08/2023 Trust Upgrades Documents
        Interview:
        Added Selection Question for excluding beneficiaries in the beneficiary tab section of the interview.
        Added Selection Question for the current trust deed allowing for the excluding of beneficiaries in the beneficiary tab section of the interview.
        Added Excluded Beneficiary into the interview Tab.

        Document:
        Added Clause 4. in the Recitals section with excluding clause indication, other party consent selection, exclusion irrevoable selection and name list of the exluded beneficiaries.
        Added Clause 2. Exclusion of Beneficiaries in the Provisions section with excluding clause indication, other party consent selection, exclusion irrevoable selection and name list of the exluded beneficiaries.
        Added ''Excluded Beneficiary’ means a person who is not entitled to income or capital of the trust fund as that term is defined in clause 3."""" after child in the Definition and Interpretation.
        Added 3.4 Clause in the Definition and Interpretation with the list of name of the exluded beneficiaries.
        Added Consenting Party signatory after the Other Signer signatories.
      • 10/08/2023 Company Constitution Variation to Leading Member Discretionary Trust - 
        Added the word ""Appointor"" next to the Leading Member in Leading Member Company Constitution. (In Specia Resolution by Comapny Members to Change the Constitution to Leading Member Company Trustee Constitution).
        Added the word ""Appointor"" next to the Leading Member in Rule 3 - Clause 3.2.
        Added the word ""Appointor"" next to the Leading Member in Rule 5 - Clause (D).
        Added the word ""Appointor"" next to the Leading Member in Rule 5 - Clause (5.4).
        Added the word ""Appointor"" next to the Leading Member in Rule 12 Tittle.
        Added the sentence ""of the Trust and holder of the shares of the Company passes away, the Company is to immediately cancel the former Leading Member Appointor’s shares."" in Rule 15 - Clause 15.1 (Removed word dies).
        Added the sentence ""firstly any joint Leading Member Appointor who is not bankrupt and if there are none then to"" next to share capital to.
        Added the word ""Appointor"" next to the Leading Member in Rule 15 - Clause 15.2.
        Replace ""and should there be"" to ""If there is"" in Rule 15 - Clause 15.2.
        Added the word ""former"" next to the cancel the in Rule 16 - Clause 16.1.
        Replace the word ""is"" to ""are"" next to and if there in Rule 15 - Clause 16.2.
        Added the word ""former"" next to immediately cancel the in Rule 17 - Clause 17.1.
        Replace the word ""is"" to ""are"" next to and if there in Rule 17 - Clause 17.2.
        Added the sentence ""firstly any joint Leading Member Appointor who is not bankrupt and if there are none then to"" next to issued share capital to in Rule 18 - Clause 18.2.
        Replace ""and should there be"" to ""If there is"" in Rule 18 - Clause 18.2.
        Added the word ""Appointor"" next to the Leading Member in Rule 18 - Clause (18.2).
      • 10/08/2023 SMSF Will & SMSF Will with Death Benefits Protection Trust
                 - Added Spouse
      • 10/08/2023 Trust Documents - Removed redundant Successor Appointor heading in Schedule 1 and remove 'to' in text 'to any other Bloodline..' in clause 3
      • 11/08/2023 SMSF Establishment and Variation Documents - Added new text in definition of Binding Death Benefit Nomination (A Binding Death Benefit Nomination, once properly executed and accepted, remains in force indefinitely unless expressly revoked or preplace by the Member.) and SMSF Will (A SMSF Will, once properly executed and accepted, remains in force indefinitely unless expressly revoked or replaced by the Member.)
      • 15/08/2023 EPOA, The LYD Will and EPOA & The Moat and Castle - Changed 'Witness must also sign page 9' to 'Witness must also sign previous page' 
      • 16/08/2023 SMSF Investment Strategy - Fund - 
        Interview:
        Remove Question Has the Trustee of the Fund received a diversification letter from the Commissioner of Taxation?

        Document:
        Remove sentence (The Trustee of the Fund has received a letter from the Commissioner of Taxation..) in Trustee Meeting Acceptance of the Funds Investment Strategy under Trustee: Adoption of Investments Strategy.

        Remove clause 4 (To affirm that the current investment strategy is suitable for the needs of the Fund and its members notwithstanding it has been identified by the Commissioner of Taxation as potentially lacking diversification of its investments. ) in Trustee Resolutions.
      • 17/08/2023 Upgrade to LightYear Docs Standard Company - Changes the tittle word 'Trustee Resolution' to ""Members' Resolution"" in Special Resolution by Company Members to Change the Constitution to a Standard Company Constitution under Binding Resolution of the Members of.
      • 17/08/2023 EPOA, The LYD Will and EPOA & The Moat and Castle - In EPOA QLD long form, replaced Replacement Attorney to Successive Attorney
      • 17/08/2023 The Moat and Castle - Added SMSF Will with Death Benefits Protection Trust
      • 18/08/2023 The LYD Will, The LYD Will and EPOA & The Moat and Castle - Fixed issue on selecting tied vote of executors in Will
      • 18/08/2023 Change of Trustee for Discretionary Trust - Fixed missing dates when Trust was changed/varied
      • 23/08/2023 Company Constitution Variation to Leading Member Discretionary Trust - Removed the word "by the Leading Member" in Rule 5 Clause 5.1 (a)
      • 23/08/2023 SMSF Will & SMSF Will with Death Benefits Protection Trust
         -         Removed flexible payment in SMSF Will
      • 23/08/2023 The LYD Will and EPOA - Fixed incorrect End() in LYD Will and  fixed EPOA data element should only appear when spouse will is tick yes.
      • 23/08/2023 The LYD Will - Fixed incorrect End() in LYD Will
      • 23/08/2023 The Moat and Castle - Fixed incorrect End() in LYD Will, remove flexibale payment in SMSF Will and fixed EPOA data element should only appear when spouse will is tick yes.
      • 24/08/2023 Leading Member Discretionary Trustee Company - 
        Added the word """"Appointor"""" next to the Leading Member in Rule 3 - Clause 3.2.
        Added the word """"Appointor"""" next to the Leading Member in Rule 5 - Clause (D).
        Added the word """"Appointor"""" next to the Leading Member in Rule 5 - Clause (5.4).
        Added the word """"Appointor"""" next to the Leading Member in Rule 12 Tittle.
        Added the sentence """"of the Trust and holder of the shares of the Company passes away, the Company is to immediately cancel the former Leading Member Appointor’s shares."""" in Rule 15 - Clause 15.1 (Removed word dies).
        Added the sentence """"firstly any joint Leading Member Appointor who is not bankrupt and if there are none then to"""" next to share capital to.
        Added the word """"Appointor"""" next to the Leading Member in Rule 15 - Clause 15.2.
        Replace """"and should there be"""" to """"If there is"""" in Rule 15 - Clause 15.2.
        Added the word """"former"""" next to the cancel the in Rule 16 - Clause 16.1.
        Replace the word """"is"""" to """"are"""" next to and if there in Rule 15 - Clause 16.2.
        Added the word """"former"""" next to immediately cancel the in Rule 17 - Clause 17.1.
        Replace the word """"is"""" to """"are"""" next to and if there in Rule 17 - Clause 17.2.
        Added the sentence """"firstly any joint Leading Member Appointor who is not bankrupt and if there are none then to"""" next to issued share capital to in Rule 18 - Clause 18.2.
        Replace """"and should there be"""" to """"If there is"""" in Rule 18 - Clause 18.2.
        Added the word """"Appointor"""" next to the Leading Member in Rule 18 - Clause (18.2).
      • 24/08/2023 The LYD Will and EPOA & The Moat and Castle - In Will's document, added option for bloodline relatives in beneficiaries
      • 24/08/2023 The LYD Will - Added option for bloodline relatives in beneficiaries
      • 24/08/2023 The Moat and Castle & SMSF Will with Death Benefits Protection Trust - Replaced SMSF Benefit Trust to SMSF Death Benefit Trust
      • 30/08/2023 Company Establishment documents, Successor Director Solution documents, EPOA, The LYD Will and EPOA & The Moat and Castle - Added thereafter before the successor director and so forth
      • 30/08/2023 Leading Member Discretionary Trustee Company - 
        Document:
        Fix Spacing betwee Rule 11.1 and Rule 12
        Added 2.2(b):  ""The Trust, referred to in this Constitution means a Leading Member Discretionary Trust as defined in Rule 1 of this Constitution."" in Interpretation
        Removed word ""Leading Member Discretionary"" next to If a Leading Member Appointor of the - in Rule 16.1
        Removed word ""Leading Member Discretionary"" next to Leading Member Appointor of the - in Rule 16.2
        Removed word ""Leading Member Discretionary"" next to the Trustee of the Trust or under such powers of the - in Rule 16.2
      • 30/08/2023 The Enforcer - Fixed formatting on the letter for client and put the agreement date and jurisdiction state before the Secured Party.
      • 30/08/2023 Company Constitution Variation to Leading Member Discretionary Trust - 
        Document:
        Fix Spacing betwee Rule 11.1 and Rule 12
        Added 2.2(b):  ""The Trust, referred to in this Constitution means a Leading Member Discretionary Trust as defined in Rule 1 of this Constitution."" in Interpretation
      • 31/08/2023 LYD Standard Company, Upgrade to LightYear Docs Standard Company, & Successor Director Solution documents - For Rules 4.8 to 4.13, replaced "clauses 156 to158" to "Rules 79 to 81"
      • 31/08/2023 The LYD Will, The LYD Will and EPOA & The Moat and Castle - In Child Guardianship Clause, changed "life" to "live" and add "s" in "expert" in Information about Will.

      Document Release

      • 30/08/2023 Soft release of The Enforcer