Why is estate planning important in retirement? When planning for retirement, many people focus on whether they have enough money to support their lifestyle. But another important question is: what happens to your money, assets and loved ones when you’re no longer here? Estate planning helps answer that question. It brings together your legal, financial and personal arrangements so your wishes are clearly understood. Without a clear plan, families may face: Uncertainty about

In Australia, special capital gains tax (CGT) rules apply to the transfer of assets from a deceased estate. The most common types of capital gains assets are property, shares and managed funds. You may have just received, or are about to receive, an inheritance. While this article provides a general overview and is not a substitute for specialist tax advice, it outlines some of the key CGT considerations when selling assets from a deceased estate. No sale, no capital gains ta

Estate planning is one of those tasks almost everyone means to get to, yet many only face it during a crisis. Families often describe the same moment. A parent dies, the surviving spouse and children open a cupboard or a laptop, and suddenly they are trying to reconstruct a life from scattered paperwork, half remembered details and password guesses. Grieving and guessing at the same time. We all want to protect the people we love, yet estate planning rarely feels urgent. Beha

Making a will is an important way to help ensure that your wishes are respected and your loved ones are taken care of if you pass away. A...

Some of us may help provide assistance to our ageing parents or other relatives in the future. That time may bring a range of emotional...