I have written previously about the amount of wealth that the baby boomer generation has in small businesses in Australia, and that the transfer of that wealth will happen over the next 10 years as baby boomers retire. A significant number of family businesses are run in family discretionary trusts, so the control and succession […]
For such a small person, a baby can have a massive impact on your bank account. It’s important to scope out every possible cost in advance as you don’t want anything jumping out at you when you’re vulnerable and under pressure. Here’s a few things you might need to consider: Utility Bills: As a rule […]
What is AshleyMadison.com? Just kidding. If you don’t know what Ashley Madison is you probably wouldn’t have clicked on this article. But how does it have anything to do with your finances? The recent leak of account data from the website revealed a whole lot about its user base. For starters, according to graphs published […]
In each family there is often a financially irresponsible child, but when it goes one step further and that child is a gambler, or has drug or alcohol problems, you will probably want to make sure that your child does not squander your hard-earned estate when they inherit it. Cutting them out of the Will […]
Did you know that one in three marriages ends in divorce? It’s really no surprise then, that the number of blended families in Australia is rising. A blended family (or a step family) is simply a family where one, or both, parents have children from a previous marriage. If you, or someone you know, are […]
There is no question that a divorce can be expensive. The legal battles are only part of the issue, because there are some potentially expensive changes to each partner’s financial status that come as a result as well.