Thank you to those advisers and investors who gave me feedback on my last post, heart-warming to see so many advisers wanting …
When we hear the term ‘granny flat’, we envision a self-contained unit attached to a private home. Often, this may be …
Financial Literacy We continue to hear a lot about inadequate financial advice in the media, much of what is being said needs …
Your will is the legal document that outlines how the assets that comprise your estate are to be distributed, but some primary assets are not included in your estate.
We are hearing a lot about inadequate financial advice in the media over recent months, much of what is being said needs to be said. But how do we fix the problem of investors or clients not understanding the advice provided and, as a result, just going along with what has been recommended?
It is timely to revisit ‘residential aged care’ as major reforms to the aged care system are set to kick in on 1 July 2014. The financing arrangements have been revised, and will affect those who enter residential aged care on or after this date.
This client forgot to inform his Adviser that, in his current Will, he had gifted all of his wealth in such a way that this new advice would overturn the provisions in his Will. Don’t forget who owns your assets when you seek advice.
Here, the wish to make a generous gift to a friend was never carried out. How concerned the widow would have been if she had realised the outcome of poor drafting and advice that did not take into account all the aspects of the widow’s affairs?
Today these four siblings are torn apart by grief, hurt and anger, one daughter states they probably will never speak to one another again; the sons now believe they were really not wanted after the daughters came along. All this due to a poorly written Will.
We all have good reasons for how we leave our wealth to our families and that is fine, but we also need to remember that the last time our families hear our voice is when they read our Wills.