2024 Releases
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      3. 2024 Releases

      December 2024 Updates

      DOCUMENT UPDATES

      • 3/12/2024 - Under the Winding-up Trust Clause 15.1 Termination Date (b) Added the wordings of "and Queensland" right after the "South Australia" on following documents:
        •  Crypto Discretionary Trust Deed
        • Discretionary Trust - (individual & corporate)
        • Discretionary Trust - (non foreign persons)
        • Family Protection Trust - (individual & corporate)
        • Family Protection Trust - (non-foreign persons)
        • Leading Member Discretionary Trust - (individual & corporate)
        • Leading Member Discretionary Trust – (non-foreign persons)
        • 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
        • Upgrade of Existing Leading Member Discretionary Trust
      • 3/12/2024 The LYD Will, The LYD Will and EPOA, & The Moat - Added new paragraph for testamentary trust
      • 3/12/2024 The Protector - Fixed numbering issue
      • 4/12/2024 Leading Member Kit - Upgrade of SMSF Deed and Corporate Trustee to Leading Member control AND Corporate Trustee & Deed Upgrade to LightYear Docs - Added resolution same with the SMSF Deed of Variation
      • 4/12/2024 The LYD Will, The LYD Will and EPOA, & The Moat - Fixed formatting issue in spouse will and Life Interest changes
      • 6/12/2024 Enduring Power of Attorney, LYD Will and EPOA, The Moat AND Leading Member SMSF Establishment with EPOA - Fixed formatting issue in EPOA QLD short
      • 6/12/2024 All Documents - Fixed ABN number in all Letter of Advice
      • 9/12/2024 Commercial Property Lease - Added Other Incorporated Entity in Landlord and Tenant party and other changes.
      • 9/12/2024 All documents - Updated Document Branding tab with LY Legal details
      • 10/12/2024 Leading Member Discretionary Trustee Company - Removed limit to Share Allocation
      • 10/12/2024 LMDT and FPT Company Documents - Added Acknowledgement option
      • 10/12/2024 Deed of Vesting (Discretionary Trust) AND Deed of Vesting (Unit Trust) - Replaced the parties with the Trust in the cover letter
      • 10/12/2024 Upgrade to LYD Standard Company - Added option to upgrade the document to Memorandum of Association and Articles of Association to a Standard Company Constitution
      • 10/12/2024 The Successor Director Solution documents - In Standard Company upgrade, added option to upgrade the document to Memorandum of Association and Articles of Association to a Standard Company Constitution
      • 11/12/2024 LMDT and FPT Company Documents - Added date and user field in Acknowledgement option
      • 11/12/2024 All documents - Updated footer with new changes in phone number
      • 11/12/2024 Company documents - In country option change Republic of Congo to Congo
      • 11/12/2024 SMSF Will (Binding Death Benefit Nomination), The Moat AND SMSF Will with Death Benefit Protection Trust - For SMSF Will in Beneficiary tab under option Member’s Estate removed option ‘The deceased member’s legal personal representative for the benefit of the bloodline children of the succeeding beneficiary to be held in trust with income to be paid quarterly but no capital distribution until they reach age 25. If there are no bloodline children of the succeeding beneficiary then the share of my superannuation interest is to be paid to the remainder of my children that remain alive in equal proportions’ and Under Beneficiary option change ‘The deceased member’s legal personal representative for the benefit of the bloodline children of the succeeding beneficiary to be held in trust with income to be paid quarterly but no capital distribution until they reach age 25. If there are no bloodline children of the succeeding beneficiary then the share of my superannuation interest is to be paid to the remainder of my children that remain alive in equal proportions,Survive~~Any surviving Beneficiary in equal proportions’ to ‘The deceased member's legal personal representative for the benefit of the bloodline children of the beneficiary to be held in trust with income to be paid quarterly but no capital distribution until they reach age 25. If there are no bloodline children of the beneficiary then the share of my superannuation interest is to be paid to the remainder of my children that remain alive in equal proportions’ only for the Initial beneficiary.
      • 12/12/2024 Addition to Designated Beneficiaries - Fixed formatting issue whole document is formatted to appear in the center
      • 12/12/2024 The LYD Will and EPOA AND The Moat - Fixed data element appearing when it should not
      • 12/12/2024 LRBA Holding Trust Pack Bank - Replaced AM logo with new LYD Legal Logo
      • 13/12/2024 SMSF Establishment documents - Added LY Legal header and footer logo in Letter of advice
      • 16/12/2024 Enduring Power of Attorney, LYD Will and EPOA, The Moat AND Leading Member SMSF Establishment with EPOA - In NSW EPOA attorney's are not allowed to make health or lifestyle decisions (i.e. personal matters). Need to remove the phrase "including both personal and financial matters" from the output and in the interview add a note saying its not allowed in NSW.
      • 16/12/2024 Related Party LRBA (Property) AND Related Party LRBA (Shares) - In the interview replaced SIS Compliant Caption mentioning "Abbott and Mourly" into "LY Legal"
        In the document output (Replace AM Logo with LY Legal)
      • 17/12/2024 Standard Company - In Company Associate, created a condition that will not allow the document to assemble if the Associate does not have at least 1 director and 1 shareholder. In Share Allocation, conditioned it to only allow to select shareholder in the Company Associate.
      • 17/12/2024 Enduring Power of Attorney, LYD Will and EPOA, The Moat AND Leading Member SMSF Establishment with EPOA - In NSW EPOA attorney's are not allowed to make health or lifestyle decisions (i.e. personal matters). Need to update the option in Power of Attorney to ‘Do anything on behalf of the principal that can lawfully be done by an attorney. Including both personal and financial matters. In NSW, the attorney can only make legal and financial decisions; for personal matters, an enduring power of guardianship is to be used.’.
      • 17/12/2024 Family Protection Trust - (individual & corporate) - Fixed formatting issue footer for an attachment is showing in the cover page.
      • 18/12/2024 Deed of Vesting (Discretionary Trust) AND Deed of Vesting (Unit Trust) - Added legal disclaimer
      • 19/12/2024 SMSF Income Stream documents - Changed format for amount and percentage from ‘#,###.##’ to ‘#,##0.00’
      • 19/12/2024 Trust Maintenance documents - Changed ‘this Deed’ to ‘this deed’
      • 19/12/2024 Fixed Unit Trust (Taxation Purposes) - Added a blank space between the Letter of advice and the main document
      • 19/12/2024 Upgrade of Discretionary Trust to a Non-Foreign Person Discretionary Trust - Fixed indention error on Trustee in party details
      • 19/12/2024 Deed of Vesting (Discretionary Trust) - Removed Appointor and LMA in other signer option and add Guardian. Added the other signing person the in the party and signature
      • 20/12/2024 All documents - Removed tick box for disclaimer and make the disclaimer not optional
      • 20/12/2024 Fixed Unit Trust (Taxation Purposes) - launched on live site.