Marie had two daughters. Before his death her husband gave the majority of his estate to the elder daughter on the understanding that Marie would eventually give the family home to the younger daughter. Marie saw her solicitor and arranged for her Will to be drafted that way.
retirement
Protecting your inheritance from the lender
The growth in use of reverse mortgages by asset rich, cash poor seniors is increasing rapidly.
Plan your financial future while you’re still young
Are you young? Finally settled into the start of your career. Enjoying seeing your salary increase? Have you just bought your first unit to live in?
How much do you need to retire comfortably?
Why do you work full time without having a clear goal in mind about how much income you need to retire?
If you can’t answer these questions, you don’t have a financial plan!
Apparently eight out 10 Australians don’t get any formal financial advice. Earlier this year ASIC found that while 44 per cent of Australians said they have a short-term financial plan only 23 per cent said they had a long-term financial plan.
SMSF member limit to increase from four to six
One of the key changes from this year’s budget is the Government’s proposal to increase the maximum permitted number of members in a self-managed superannuation fund (SMSF) from four to six.
Four quick tips to maximise your superannuation
Australia now has the fourth largest pool of superannuation monies in the world topping just over $2.5 trillion dollars. Yet Australia ranks 53rd in the world for size of population. The pool of superannuation is more than what the entire Australian economy makes in one year.
Family trusts more important than ever
Family trusts are increasingly being used for retirement planning purposes since the Government introduced more measures to limit the ability to make both concessional and non-concessional contributions to superannuation funds.