Many Australians expect an inheritance, but their parents may have a different view. Around one in two Australians have received or expect to inherit money or property, either from their parents or others. That’s one of the key findings from Vanguard’s 2024 How Australia Retires research, but it shouldn’t come as a great surprise. Over...Read More
What is your 'estate'? Your ‘estate’ includes everything you own – your ‘earthly possessions’, if you will. It can include for example cash, property, cars, boats, furniture, jewellery, family heirlooms, art, shares and more. What is estate planning? This is where you decide what will happen to your belongings after you pass away. By leaving...Read More
Having a legally valid will can go a long way to avoiding disputes over the division of your assets. What did the artist Picasso, musicians Bob Marley and Aretha Franklin, and billionaire entrepreneur Howard Hughes have in common? If you’re thinking they had amassed large fortunes before their deaths, you would be correct. But another...Read More
Your super isn’t automatically included in your will, unless you've given certain instructions to your super fund first. Deciding who gets your super when you die isn’t as simple as having a will. That’s because wills typically only cover assets you own personally, such as houses, cars, investments, jewellery and other personal items, whereas super...Read More
Navigating complex family relationships and blended families can be challenging at times and particularly when a family member dies. A good estate plan can help to make sure your wishes are carried out when you die. An estate plan, of which a will is the first and most important part, can ensure your estate is...Read More
Estate planning is a crucial aspect of financial management that often goes overlooked until it’s too late. It involves careful consideration and documentation of how your assets and wealth will be managed, protected, and distributed upon your passing. By engaging in estate planning, you can ensure your family members and loved ones are well taken...Read More
The rising cost of living is grabbing all the attention right now as people struggle to pay the increasing prices. But in the meantime, our collective wealth has been growing steadily and is being transferred to the next generation at increasing rates. In fact, the value of inheritances as well as gifts to family and...Read More
Succession planning can be difficult at the best of times without dealing with the added pressures farmers have recently faced with droughts, fires and floods. And that’s why it is even more important to plan early and get it right when you are on the land. You are not just dealing with a business, but...Read More
If you want to protect your family and assets, it’s worth documenting what you’d like to happen if you can’t make your own decisions later in life or if you pass away. If you’ve got people in your life who you love and assets you’d like to be distributed in a certain way, you might...Read More
A good estate plan will help make sure your wishes are carried out when you die. It can also help if you become unable to make your own decisions. Estate plans An estate plan records what you want done with your assets after your death. It can include documents such as: your will a testamentary...Read More
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