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

      December 2023 Updates

      Document Updates

      • 07/12/2023 Change of Trustee for SMSF - Added company name in Trustee Declaration signature.
      • 07/12/2023 Change of Trustee for SMSF - Added company name in Trustee Declaration signature.
      • 07/12/2023 SMSF Establishment - Additional text added to Governing Rules & Added company name in Trustee Declaration signature.
      • 07/12/2023 Discretionary Trust Changes - Added Changing Position Status right before the Position tittle in the signatories.
      • 08/12/2023 SMSF Will with Death Benefits Protection Trust - Added Protection Trustee to other beneficiary.
      • 08/12/2023 The Moat and Castle - In SMSF Will with Benefit Protection Trust added Protection Trustee to other beneficiary.
      • 11/12/2023 - In SMSF Will changed test ‘deceased's estate’ to ‘deceased member's legal personal representative’ for the option for ‘If the beneficiary is not alive’.
        • SMSF Will
        • The Moat and Castle
        • SMSF Will with Death Benefits Protection Trust
      • 11/12/2023 Discretionary Trust Changes - Changed the inteview caption for Variation Clause from "Enter the clause number below.". Provide help for clause "Enter the clause number only. For example 2.10 (check the current deed for this clause number). - please contact Abbott and Mourly Lawyers if you are not sure about the clause number."

        Document output. Input text clause on each part of the document before the data element clause will appear.
      • 12/12/2023 Operating Lease Agreement - Added two documents within the Operating Lease Agreement Template.

        In the Interview. In the General Information Tab. Below governing state law selection question. Added question for document purpose/intended either for "Equipment" or "Premises" lease.

      • 12/12/2023 The LYD Will and EPOA & The LYD Will - Changed the following both the Basic Will and Will with Spouse; Changed the "Federal Bankruptcy Act" to Italic in clause 5.3 in Initial Administration. Changed the "Federal Social Security Act" and "Federal Veterans’ Entitlement Act" to Italic in Specific Powers of My Executor. Changed the "Income Tax Assessment Act" to Italic in Testamentary Trust Powers clause 13.1.

      • 12/12/2023 - Added Letter of Advice – Change of Trustee.
        • Crypto Discretionary Trust Deed
        • Discretionary Trust - (individual & corporate)
        • Discretionary Trust - (non foreign persons)
        • Family Protection Trust - (individual & corporate)
        • Family Protection Trust - (non-foreign persons)
        • Fixed Unit Trust - (individual & corporate)
        • Hybrid Trust
        • Leading Member Discretionary Trust - (individual & corporate)
        • Leading Member Discretionary Trust – (non-foreign persons)
        • Non-fixed Unit Trust - (individual & corporate)
        • SIS Reg 13.22C Related Unit Trust
        • Superannuation Unrelated Investment Trust (SUIT)
      • 13/12/2023 - Added Letter of Advice – Successor Director.
        • Family Protection Trustee Company
        • Leading Member Discretionary Trustee Company
        • Leading Member SMSF Special Purpose Corporate Trustee
        • SMSF Special Purpose Corporate Trustee with SMSF Establishment
        • SMSF Special Purpose Corporate Trustee
        • LYD Standard Company
        • The Successor Director Solution – Single Company plus upgrade
        • The Successor Director Solution - Multi Company plus upgrade Constitution
      • 13/12/2023 Farm Lease Agreement - Added new option for Annual Adjustment Based on CPI. 
      • 13 /12/2023 - Changed the interview caption for Variation Clause from "Enter the clause number below.". Provide help for clause "Enter the clause number only. For example 2.10 (check the current deed for this clause number). - please contact Abbott and Mourly Lawyers if you are not sure about the clause number."

        Document output. Input text clause on each part of the document before the data element clause will appear.
        • Addition to Designated Beneficiaries
        • Change of Trustee for Discretionary Trust
        • Deed of Appointment of Joint Appointor
        • Deed of Succession Appointors and Leading Members
        • Deed of Vesting (Discretionary Trust)
        • Deed of Vesting (Unit Trust)
        • Upgrade of Discretionary Trust to a Family Protection Trust
        • Upgrade of Discretionary Trust to a Family Protection Trust (Non-Foreign Person)
        • Upgrade of Discretionary Trust to a LightYear Docs Strategic Discretionary Trust
        • Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust
        • Upgrade of Discretionary Trust to Leading Member DT
        • Upgrade of Discretionary Trust to LM Non-Foreign Person DT
      • 13/12/2023 - Added Letter of Advice – Change of Trustee.
        • Change of Trustee for Discretionary Trust
        • Discretionary Trust Changes
        • Upgrade of Discretionary Trust to a Family Protection Trust
        • Upgrade of Discretionary Trust to a Family Protection Trust (Non-Foreign Person)
        • Upgrade of Discretionary Trust to a LightYear Docs Strategic Discretionary Trust
        • Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust
        • Upgrade of Discretionary Trust to Leading Member DT
        • Upgrade of Discretionary Trust to LM Non-Foreign Person DT
      • 14/12/2023 Enduring Power of Attorney & The Moat and Castle - Added Letter of Advice – Successor Director.
      • 14/12/2023 The LYD Will and EPOA & The LYD Will - Changed the following both the Basic Will and Will with Spouse:

        In Specific Powers of My Executor Clause (bb) (iv) and (v) changed the word "Relationship" to "relation".
        In Specific Powers of My Executor Clause (cc) changed the word "Relationship" to "relation".
        In Specific Powers of My Executor Clause (ff) changed the word "Relationship" to "relation".
      • 15/12/2023 Discretionary Trust Distribution Minutes (Discretionary Trust Distribution Resolution inside doc) - Fixed the redundant text "ending 30 June" double appearing in the document if Net Accounting Income is chosen under Determination of income.
      • 17/12/2023 Deed of Vesting (Discretionary Trust) - Changed the interview caption for Deed date from "Enter below the date on which the Governing Rules of the Fund will change to the new Rules. Generally speaking" to "Please Enter the date on which the Trust will be vested or wound up". Changed the interview caption for variation clause from "Enter the clause number below" to "Which clause allows the Trustee to determine the Vesting day of the Trust?". Changed the interview caption for vesting day clause from "Enter the clause number below" to "Under which clause can the trust be vested?".
      • 18/12/2023 - Removed client data element used in Letter of advice.
        • Family Protection Trustee Company
        • Leading Member Discretionary Trustee Company
        • Leading Member SMSF Special Purpose Corporate Trustee
        • SMSF Special Purpose Corporate Trustee with SMSF Establishment
        • SMSF Special Purpose Corporate Trustee
        • LYD Standard Company
        • The Successor Director Solution – Single Company plus upgrade
        • Enduring Power of Attorney
        • The LYD Will and EPOA
        • The Moat and Castle
        • Crypto Discretionary Trust Deed
        • Discretionary Trust - (individual & corporate)
        • Discretionary Trust - (non foreign persons)
        • Family Protection Trust - (individual & corporate)
        • Family Protection Trust - (non-foreign persons)
        • Fixed Unit Trust - (individual & corporate)
        • Hybrid Trust
        • Leading Member Discretionary Trust - (individual & corporate)
        • Leading Member Discretionary Trust – (non-foreign persons)
        • Non-fixed Unit Trust - (individual & corporate)
        • SIS Reg 13.22C Related Unit Trust
        • Superannuation Unrelated Investment Trust (SUIT)
      • 18/12/2023 Enduring Power of Guardianship (WA) - Fixed issue on substitute guardian acceptance clause.
      • 18/12/2023 The LYD Will and EPOA, The LYD Will & The Moat and Castle - Fixed Second Executor plural form.
      • 18/12/2023 The Moat and Castle & Account Based Pension - Applied New Accurate Age Calculation
      • 18/12/2023 SMSF Deed of Variation - Fixed caption and make the field required/mandatory for variation clause.
      • 22/12/2023 Change of Trustee for Discretionary Trust - Fixed Letter of Advice Header over lapping output.