A Will is generally the most important document any person will sign and is at the center of your estate plan.
It is important that an estate plan is specifically tailored to your needs and circumstances during your lifetime. A sensible plan will aim to minimise tax, provide asset protection (as reasonably expected), cater for the circumstances of beneficiaries and effectively utilise existing structures, such as superannuation funds and trusts. After death only a court can alter the terms of a Will and, unless a court intervenes, the Will regulates as to how the deceased assets are to be finally dealt.
A Will can be challenged for a host of reasons ranging from improper execution of the document through to complaints that it did not adequately apportion the deceased estate to potential or actual beneficiaries. Sound estate planning will ensure disputes or errors in its execution are minimised and the beneficiaries catered for appropriately.
Navigating the complexities of the real estate market can be a daunting task. This is where a local buyer's agent comes into play, offering invaluable expertise and guidance throughout the home buying process. This is where a local buyer's agent comes into play, offering invaluable expertise and guidance throughout the home buying process. By leveraging their in-depth knowledge of the local market, buyer’s agents can help clients make informed decisions, avoid common pitfalls, and ultimately secure the perfect property. Below are ten essential questions to consider when choosing a local buyer's agent, designed to help you understand their role, benefits, and how to select the right one for your needs.
An investment strategy is a documented plan that outlines how your SMSF will achieve its investment objectives while considering the fund's circumstances and the needs of its members. This strategy should guide your investment decisions and help ensure the fund is on track to meet its retirement goals.
A Self-Managed Super Fund (SMSF) offers an unparalleled level of control and flexibility for managing retirement savings. It is a type of superannuation fund in Australia that provides individuals with the ability to manage their own superannuation investments. Unlike retail or industry super funds, SMSFs offer complete control over investment decisions. This level of autonomy allows members to tailor their investment strategies to suit their personal financial goals and risk tolerance.
Managing an SMSF involves several responsibilities and regulatory requirements. Also, SMSFs offer a high degree of control and flexibility and come with significant responsibilities and risks.
While pure life insurance is straightforward, the other personal insurances may differ significantly from policy to policy. Definitions of diseases may vary. There may be a range of optional extras – some valuable, others more of a gimmick. With TPD insurance, you may have the choice of ‘own occupation’ or ‘any occupation’. Insurance companies vary in the speed with which they process claims, and beyond that is the question of which insurances should be held via a superannuation fund and which should be held directly.
