Super Strategies for Couples
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.
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:
Key man insurance, sometimes referred to as key person insurance, provides cover against business losses that may be incurred as a consequence of the prolonged absence or death of the business owner or a key member of staff.
Ongoing economic uncertainty means that it’s still not uncommon to read a story about large or high profile businesses making staff redundant. The flow-on effects from tough economic times in the past are still being felt in many sectors of the economy. Redundancy remains an all-too-common possibility for employees of both large and small businesses.
