Tag: Estate Planning

Living Estate Planning

Does your de facto have a claim against your will?

When we think about estate planning we often believe that if we have prepared a will then we have done enough, or at the very least we have done something!

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Living Estate Planning

No tax on death: fact or fiction?

Death itself does not create a tax liability, however what happens to the assets after you die could result in a tax bill. Creating a will or becoming a beneficiary of one may appear to be more straight than you thought, but the reality is the tax man could take a large bite out of your estate or inheritance.

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Strategic Financial Advice

Estate Planning: Making sure your money goes where you want it to

Estate planning is not just about making a will. It’s about deciding how you want to be looked after (both medically and financially) if you can’t make your own decisions later in life. It’s also about documenting how you want your assets to be distributed after you die

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Living Estate Planning

Do you have your Estate Planning up-to-date?

Long gone are the days of preparing a will and locking it away in the safe or bottom drawer! Whether it be at the completion of this years’ tax return, or when you change the batteries in the smoke detector, every year you should dust off your estate plan and update it for the inevitable changes that most likely will be needed.

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Living Estate Planning

Estate Planning Back in Focus

New legislation is being developed to give Victorians greater control over what medical treatment they receive in the future. Some of the key changes that have been proposed include;

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Living Estate Planning

New Property Transfer Rules Apply to Deceased Estates Also!

From 1 July 2016 Australian residents selling real estate with a market value of $2 million or more will need to apply for a clearance certificate from the Australian Taxation Office to ensure that 10% is not withheld from the sale proceeds.

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Strategic Financial Advice

Estate Planning – not just for the wealthy

Most people don’t like to think about estate planning. In fact according to studies, almost half of all Australians don’t have a legal will.

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Strategic Financial Advice

Where there’s a Will, there’s an Estate Plan – Well, there should be

Let’s face it: no-one likes to think of death, especially their own. It’s not exactly a great conversation starter, is it? This might explain why so many people end up “dying Intestate” which means they die without a will and, as a consequence, have their assets distributed according to State law.

Sadly, the way State law distributes a deceased person’s assets among family members can often be a lot different to the way a deceased person wanted their assets distributed.

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Strategic Financial Advice

When there is a Will, there is a Family Meeting

It’s probably not something you want to think about much less discuss with your kids but like it or not, one day we all pass away, and giving our loved ones a heads up on some of our financial affairs may make the process a whole lot easier.

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Strategic Financial Advice

Estate Planning essentials

We've all heard the terms “estate plan”, “will” and “trust”,  however not everyone understands what they mean.

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