Living Estate Planning Archive
CommunityLiving Estate PlanningTax
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.
CommunityLiving Estate Planning
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.
Living Estate PlanningStrategic Financial Advice
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.
Living Estate Planning
When preparing a Will, people often contemplate gifting money to charity, but have you ever thought about gifting shares after you pass away?
Living Estate Planning
With 1 in 3 first marriages and 1 in 2 second marriages ending in divorce you just cannot afford to overlook your estate planning. Divorce is not easy and it often forces you to invest significant amounts of time, money and stress.
BlogLiving Estate Planning
This is effectively any type of written statement regarding a person’s wishes for their future medical or healthcare treatment. Additionally it may formally appoint a person (decision-maker) who can act or speak on your behalf should you be unable to do so yourself due to illness or injury.
BlogLiving Estate Planning
There is a broad class of people entitled to see a will once someone has died. The first step is to determine if someone fits within that group.
BlogLiving Estate Planning
Don't let your beloved pets end up in a homeless shelter. Take action now to make sure that after your death, your pets will be safe and loved.
BlogLiving Estate Planning
Most people consider their pets to be a part of the family. In this case, a pet should be treated like so when you pass away. But, most Australians forget to include those with furry, hairy, feathered or scaled appearance in their will.
Living Estate Planning
They say that two things in life are inevitable – death and taxes. This doesn’t mean that the two have to happen at the same time. Generally where there is a change of ownership in small business, a CGT event is deemed to have occurred which may result in a capital loss or taxable gain. When a person dies, their assets are transferred to their legal personal representative (LPR) or are acquired by a surviving joint tenant, if one exists, and as such the Capital Gains Tax rules apply.
BlogLiving Estate Planning
Good tax planning should involve the inclusion of a testamentary trust as part of the estate plan. There are some little known tax concessions which executors should be aware of when it comes to these trusts and your principle place of residence which I have explained below.
