Legal,Personal Finance,Trusts, Wills & Estates

Estate Planning in 2016

26 Jan , 2016  

family-3d

The start of the new year is the perfect time to think about the future and get your affairs in order particularly if your circumstances have changed. An estate plan helps you structure your financial affairs, not only for yourself during your lifetime but also for those dearest to you when you’re no longer here. […]

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Trusts, Wills & Estates

The Sandwich Generation

26 Jan , 2016  

steak-sambo

You have elderly parents who need more of your attention, and your children are young adults but they are still at home. You are stuck between them. You are torn between them. You have obligations to both of them, and you thought you’d have some freedom by now! Just when your children should be grown […]

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Investing,Personal Finance,Personal Insurance,Retirement,Superannuation,Trusts, Wills & Estates

5 Telltale Signs You’re Paying Too Much For Your Financial Planner

10 Nov , 2015  

Organize.

Financial planners or financial advisers can be invaluable when it comes to organising your financial life and helping you achieve your financial goals. We’ve known many cases where financial planners add significant value, especially when their clients have complex financial situations. You may have a self-managed-super-fund (SMSF), several investment properties, a family trust with a […]

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Investing,Personal Finance,Trusts, Wills & Estates

5 Dumb Things You Can Do When You Receive An Inheritance

21 Sep , 2015  

inheritance

Surprise, happiness and then indecision. This is generally the emotions experienced when you receive an inheritance, especially if it’s a big, fat inheritance. Making smart finance decisions is not as easy as you think. This is because of our reptilian brain. The logical part of your brain is much smaller than the emotional part. This […]

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Legal,Trusts, Wills & Estates

Charitable Trusts v Gifts to Charity

7 Sep , 2015  

Guide-Dogs-Charitable-Trusts-ProAdviser

Aussies give a lot to charity, and we’re proud of it. Giving to charity in your Will is a noble thing to do. Many charities rely on the bequests they get, and many well-known charitable trusts have been established by Wills. These include the Archibald Prize and the Miles Franklin Award. In addition, there are […]

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Legal,Trusts, Wills & Estates

Providing for a Disabled Child

3 Aug , 2015  

Teddy-Bandaged-Children

Last month I wrote about vulnerable beneficiaries and protecting their inheritance – primarily gamblers, and people with a drug or alcohol problem. Although a disabled child could also be provided for under a protective trust or a discretionary trust, there are other trusts that might be better suited. Or, you could use a combination. Special […]

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Legal,Trusts, Wills & Estates

A Case Study on Estate Proceed Trusts

1 Jul , 2015  

Estate-Planning-Lawyer

This case study will illustrate what an estate proceeds trust is, and how it can be used when the Will was a basic Will that didn’t set up the trust itself. In this example, Nicole’s husband Daniel has died in an accident. They have two primary school aged children, Michael and Melissa. Nicole and Daniel […]

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Family & Divorce Law,Legal,Trusts, Wills & Estates

Dealing with Vulnerable Beneficiaries and Protective Trusts

1 Jul , 2015  

Gambling-Addict-Image

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 […]

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Retirement,Self Managed Super Funds (SMSF),Superannuation,Trusts, Wills & Estates

Considerations For Your SMSF Estate Plan

28 May , 2015  

flowers-marguerites-destroyed-dead

In planning for your future, your SMSF will be a large part of it, so plan wisely while considering possible situations. Among those different situations, be prepared for the worst one, such as the death or illness of a spouse, however unpleasant it is to think of. Perhaps if one is more involved than the […]

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Family & Divorce Law,Legal,Trusts, Wills & Estates

I have a blended family. Should I prepare an estate plan?

30 Apr , 2015  

Family-of-blenders

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 […]

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Legal,Trusts, Wills & Estates

5 Reasons Why I Should Appoint Guardians For My Children

28 Apr , 2015  

Legal-Guardians

If you have children, you can’t leave their future uncertain. Updating our Wills is usually the item on our ‘list of things to do’ that never gets done. Quite often, if our Wills aren’t up to date, or we don’t get the proper advice, and our Will doesn’t actually protect our children or our loved […]

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Legal,Trusts, Wills & Estates

Your Estate Planning Challenges

31 Mar , 2015  

Estate-Planning-Attorney

Enduring power of attorney – who can you trust? An enduring power of attorney is an extremely powerful legal document, so it’s not only important to have one but even more important to appoint the right person(s) for the job. An enduring power of attorney allows you to appoint someone you trust to make legal […]

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