If aged care finances fill you with confusion and worry, you’re not alone. With strange terms like DAP and RAD and different categories of costs and fees, aged care can seem more like a puzzle to decipher than a milestone to plan for. In this post, we’ve ...
Estate planning may not be the most exciting or pleasant thing to think about. However once you begin, you’ll see that it allows you to take control of the future in important ways and to take steps toward caring for your family after you’re gone. Estate ...
The pros and cons of testamentary trusts at a glance: Trusts don’t have to pay tax on income that is distributed to beneficiaries. The trustee has the discretion to distribute income to as many beneficiaries as possible. Tax concessions for testamentary ...
When considering assets and estate planning, most people immediately think about property, stocks, bank accounts and retirement accounts. But have you ever thought about the value of your digital assets and what will happen to them upon your death? In ...
Pros and cons of discretionary trusts at a glance: Discretionary trusts allow for the accumulation of assets for beneficiaries They give flexibility over capital and income distribution Discretionary trusts also offer the potential for simpler reporting ...
A couple of years ago, the “accommodation bond” was terminated, and now we have the Refundable Accommodation Deposit (RAD) in its place. It still acts as a standard bond, and the price is set by the aged care facility you choose. It’s essentially a lump ...
Australia has an ageing population. In fact, the number of people aged 70 and over is expected to double in the next 20 years. While medical, lifestyle and social advancements are allowing us to live longer than ever before, this volume of older ...
10 Estate Planning Strategies at a glance: Start with wealth management Consider using a Transition to Retirement pension Protect your assets and reduce risk Conduct business succession planning if you own a business Minimise your tax burden Get the ...