Category: Living Estate Planning
Main Residence Safe Harbour When Selling An Inherited Property
In some cases, a deceased estate or beneficiary can access full exemption on sale of an inherited dwelling if it is sold within 2 years.
The Problems With A Granny Flat Agreement
It probably wouldn’t come as a surprise if a child of an elderly parent saw an opportunity to undermine the parental will via the building of a granny flat.
Buy/Sell Agreements – Till Death Do Us Part?
It’s no surprise that little or no thought is given to the business failing and if it is considered then it is generally about the business not succeeding.
Do I Really Need An Estate Plan?
Life does not always go to plan. While we logically know that, most of us don’t plan for the worst – it’s all a bit morbid and time consuming.
Can I Use Superannuation To Pay For A Funeral?
Relying on a superannuation payout to help pay for a funeral should be considered the proverbial last resort.
Accessing Your Super For Estate Planning Purposes
You normally can’t use your super until you reach your preservation age but there may be a way to have your super released early if you meet an eligibility requirement.
How Much Does An Average Funeral Cost?
The price of a funeral will largely depend on what you decide to include in the ceremony. The devil is in the detail. It’s like the idea of: “Do you want fries with your order?”
Covering The Cost Of Your Own Funeral
Your own funeral can be hard to think about, but after a lifetime of working hard for your money and having it work hard for you, now is not the time to drop the ball when some intelligent research and thoughtful planning could ensure value for money with that final big spend.
8 Tips To Reduce The Cost Of A Funeral
Granted – it’s not all about the money. But for many people, cutting costs on a funeral is important for their own lifestyle and welfare.
Should Your Children Have A TFN?
There are other administrative tasks that you may consider attending to at the same time, such as applying for a tax file number (TFN) for the kids.
Remarriage Means Revisiting Your Estate Plan
With one in three first marriages and one in two second marriages ending in divorce, perhaps the biggest risk to your estate is not a GFC, it is poor estate planning.
Stop Your Kids From Blowing Their Inheritance
It is often forgotten that a financial education is vital for children to be certain that they will cope and succeed in their future years.