If you have a Will in place, you could be mistaken for thinking that your estate planning is taken care of. But have you considered if your Will can stand up to obstacles that your children may face such as divorce, bankruptcy, long-term illness? One way lawyers protect against such events is by incorporating Testamentary […]
Super Recontribution Strategy
Although it may sound a little odd, taking money out of super and putting it back in can actually be beneficial by reducing the amount of potential tax you or your dependents may pay in the future. A recontribution strategy aims to increase the ‘tax-free’ component of your super account while reducing the ‘taxable’ amount. […]
7 Must Haves of an Effective Estate Plan
Planning an estate isn’t always easy and for this reason many people don’t get around to doing it properly. Careful estate planning involves the process of structuring your personal and financial ‘stuff’ so that the right people get the right amount of ‘stuff’ at the right time. This includes ensuring prized personal possessions and financial […]
Estate Planning with an SMSF
Self Managed Super Funds continue to be a popular choice for those wanting more control over their retirement savings. The focus within SMSFs is often on implementing strategies to boost your account balance or reduce the tax bill. But an equally important stage of the lifecycle is estate planning with an SMSF. Estate planning and […]
What do I need for estate planning?
It’s true – you can’t take it with you. Yet with a carefully planned estate, you can ensure what you have worked hard to create will be left to those closest to you, and not wasted in the form of avoidable tax and legal fees. At a minimum, estate planning requires 3 different documents: a […]