A new report suggests most Australians want to share their wealth with the next generation but are unsure of the best ways to do it.
Read MoreIn a recent Private Binding Ruling the ATO was asked to consider the tax treatment of the death benefit where the death benefit was paid after the surviving spouse had passed.
Often individuals and couples, once they are retired and receiving the age pension, will want to downsize their home to more suitable accommodation. If the individual or couple own their own home, the home is excluded from the age pension assets test, irrespective of the value of the home. But what happens to their age pension if they sell their current home to buy another home?
Read MoreEstate planning can be complicated for both financial advisers and clients due to legal complexities, financial considerations, and family dynamics just to name a few.
Read MoreThe superannuation environment may offer great tax efficiency in passing a member’s death benefits to their dependents, however there is a rider - the member will not have full control over how the benefits will be used by the beneficiary.
Read MoreWhen your family has enjoyed a high standard of living for a long period of time, the needs of each party must be considered in a more generous way than in an ordinary divorce case. Read this article to learn more and ensure you are protected.
Read MoreIf you want to ensure that a particular family member or colleague becomes the new director of your company when you pass away, it is important to consider effective estate planning. If you are involved with a private company (the type with ‘Pty Ltd’ at the end) then this information applies to you.
Read MoreMany elderly Australians struggle with the idea of simply selling up their family home and moving into a completely new environment, away from the comforts they have become accustomed to. Luckily there is an alternative.
Read MoreSo you want to give your super death benefit to someone who is not your spouse, child or financial dependent? Perhaps it’s your neighbour’s son?
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