There’s a common misconception that your will represents the incontrovertible ‘final word’ on what is to happen with your estate. However, this is not necessarily the case.
Where there’s a Will, there’s often a dispute
Tag: Wealth Management
Managing the largest movement of wealth in our history
More than $3.5 trillion dollars in inherited funds are expected to change hands within Australia during the next 20 years, with Australians enjoying one of the highest inheritance payout rates anywhere in the world.
How much do you know about retirement planning?
For most Australians, the approach of retirement is something to look forward to. Yet it can also be a time that fills us with trepidation, after all, we’ve saved for it, worked towards it, but are we really prepared for it?
How to create savings while paying off debt
Changing your thinking around your finances, and learning how to make sure your money is working for you will reap great rewards. We’ve outlined a few ways you can create savings while paying off debt.
New laws to improve the way super is divided in divorce
A new law will level up the playing field for divorcing couples to ensure both partners have fair and equitable access to superannuation, particularly during acrimonious family court proceedings.
SMSFs & property development – Emerging risks
SMSF property development is layered with complexity. There are four main ways an SMSF may structure a property development investment or arrangement.
Inheriting rental properties jointly – A dilemma?
Imagine you’re lucky enough to inherit, say, four post-CGT rental properties from a deceased parent – but what happens when your sibling also inherits a half-share of these?
SMSF sector continues to rapidly grow
The latest annual statistical report from APRA has been released, covering the 2020 income year but only made public at the end of January 2021. Total superannuation industry assets were $2.9 trillion as at 30 June 2020. Of this total, $1.9 trillion was held by APRA-regulated superannuation entities and $0.7 trillion was held by self-managed
Here’s what attracts the ATO’s attention about luxury car tax
The ATO has announced that it has identified some common errors regarding luxury car tax (LCT) claims, but also says there are issues it has identified with LCT that are more associated with actively trying to pay less tax than required.