The 2016 Budget and whatever the outcome of July’s 2016 Federal Election inevitably points to a major redesign of super concessions aimed at lessening their attraction to higher income and wealthier clients.
insurance bonds
Wills fail asset transfer tests
There is something about wills which brings out the worst side of human nature. People who under ordinary circumstances are perfectly upright and amiable, go as curly as corkscrews and foam at the mouth, whenever they hear the words “I devise and bequeath”. Dorothy L Sayers. Mystery writer Dorothy Sayers hit it on the head when […]
High course fees equals high student debt – What can grandparents do to help?
It is estimated that Australia’s Higher Education Loan Payment (HELP) program annually makes student loans totalling more than $6 billion.1 So unless students (or often their parents or grandparents) can afford to pay their course fees upfront, they face the reality of having little or no choice, but to take on potentially serious levels of […]
Estate planning and intergenerational transfers: Consider Insurance Bonds
Richard Atkinson from Austock Life spoke today at the Sydney session of its Taking Control of Estate Planning adviser roadshow.
Insurance Bonds avoid bequest trap
An often overlooked investment can give parents in blended families certainty that their nominated beneficiaries will receive their bequest without challenges from disgruntled family members.
Insurance bonds can cut aged-care accommodation fees
Aged-care fees can be drastically cut through using tax-paid insurance bonds.
Re-invented or modern insurance bonds are increasingly being used for a ‘set purpose’: protect children’s inheritances
Austock Life’s managing director Ross Higgins says that because insurance bonds can be established to be excluded assets from a deceased estate, bonds and their proceeds can be protected and put beyond the reach of disgruntled beneficiaries and contested Wills.