More than $3.5 trillion dollars in inherited funds are expected to change hands within Australia during the next 20 years, with Australians enjoying one of the highest inheritance payout rates anywhere in the world. According to investment bank HSBC’s Future of...Read More
“I’m thrilled to announce I’ve been appointed Mum’s Power of Attorney,” said no-one ever in the history of sibling rivalry. While many of us end up saying that – well, perhaps not the thrilled part – how many of us know what to expect and why. Addressing the what, a...Read More
The busier we get the more we tend to put off the important things. Often the last subject we want to think about is our will or other estate planning requirements. Living life always seems to get in the way! Sometimes that’s not our fault, especially if there has...Read More
Most of us would rather not think about the death of a loved one, although, like paying tax, it is inevitable. But what happens when you are a beneficiary in a deceased estate? Someone will be appointed to gather the assets of the deceased person pay their debts and...Read More
It’s a sad but unavoidable fact: one day we are all going to die. You will most likely have clear ideas as to how you would like your hard-earned wealth – your ‘estate’ – to be divided amongst your loved ones or other beneficiaries. However, estate planning is a...Read More
For many Australians, superannuation is close to overtaking the family home as the main asset in estates. For dependants of a deceased person, like a surviving spouse, the tax situation is as simple as it can be. You do not pay tax on any component of a...Read More
