Getting more from your 30’s and 40’s
If you’re in your thirties or forties, chances are you’re juggling a career, kids, a mortgage and home improvements – yet amongst these financial responsibilities lie opportunities to get more from your money
If you’re in your thirties or forties, chances are you’re juggling a career, kids, a mortgage and home improvements – yet amongst these financial responsibilities lie opportunities to get more from your money
Over the years I have heard from many investors this very question – why bother diversifying? In their view, a portfolio of Australian shares, cash and term deposits does the trick. There are some perfectly good reasons for this.
If you are a member of a couple, you may be able to use certain superannuation strategies to grow your retirement assets or save tax.
Often, many of us are disorganised when it comes to the matters of what to do when we die. The death of a person is an emotional time for everyone involved – and a time when those people do not need the added stress or confusion in sorting out the deceased’s affairs.
Your role as an Executor of someone’s Will is an important and responsible one. You owe a duty of care to the deceased’s estate and the beneficiaries so it is important to fully understand your responsibilities.
Often the last thing on our minds when planning our Estate is considering the tax effectiveness of our wishes. However, as this example explains, it can be costly not to.
Isn’t it as simple as…
I die, everything goes to my spouse, then everything to the kids equally on my spouses passing?
It can be… BUT consider the following: