Up close, life is more nuanced than the headline tale of decay. But the big picture remains the same: public services are crumbling
The Economist’s Post
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It is quite common to take super benefits out before death to avoid the “death tax” on death benefits paid to non-death benefit dependents. However, the consequence of such action is that the amounts paid out will form part of the deceased’s estate. That may in turn, like in this case, result in unintended circumstances under the deceased’s estate planning. It is therefore important that potential payment of super benefits before death be considered in the estate planning of a member.
Sladen Snippet - Neal v Brown – Super benefits withdrawn before death result in unintended consequence under deceased’s will. Read more here: https://bit.ly/3LwMBwM
Sladen Snippet - Neal v Brown – Super benefits withdrawn before death result in unintended consequence under deceased’s will — Sladen Legal
sladen.com.au
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Receiving an inheritance can be an emotional and financial roller coaster. Having a skilled guide to help you navigate what to do with it can be priceless. Understanding the distribution rules and tax implications can lead to major tax savings. And making decisions that enhance your life in both the short and long term can honor your loved one’s legacy beyond measure. If you could benefit from the guidance of an empathetic professional, or know someone else who could, I’d be happy to connect.
Fee-Only financial planner for busy professional women and families - especially physicians, entrepreneurs, and LGBTQ+ couples. TRANSPARENCY | INCLUSION | ENPOWERMENT
What an honor to be quoted in the NYT! https://lnkd.in/gCQ_hVHH
Managing an Inheritance: When ‘Mom’s Money’ Becomes Yours
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Multiple witnesses, including reps of HomeSuper, appeared at the Senate inquiry hearing into Improving Australia's retirement system on Tuesday. Afterwards, the Committee Chair (Senator Andrew Bragg) released a statement on superannuation and home-ownership noting that the inquiry heard key points such as: "There are many models to deploy super with and without legal changes" We proposed and support a model of responsible, SIS Act compliant investment of superannuation into a members home as a shared-equity partner. Whereby the investment is retained and protected within the superannuation environment, in a manner that does not add further demand or inflationary pressures to housing markets. There is an enormous difference between 1. Investing super responsibly in a member's home that boosts the potential for better retirement outcomes! 👍 And 2. Using super as a deposit to help potential buyers enter the property market faster which has potential for unintended negative consequences. "What this means is that assisting home buyers can (somewhat counterintuitively) make housing less affordable, particularly for people who do not qualify for assistance.” National Housing & Homelessness Agreement - Australian Government Productivity Commission 2022 You can watch/listen to the Senate hearing and our statements from 10:44:00 mark via link below. https://lnkd.in/gJvHmggb
ParlView
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Build a plan that’s right for your clients with Vitality’s Whole of Life Cover! This cover has no maximum term, so long as clients keep paying their premiums, they can be sure their family will receive a cash lump sum if they pass away. Reasons your clients might choose Whole of Life Cover: 💭 Help pay funeral costs and other expenses 💭 Help cover any inheritance tax 💭 Leave a legacy for their loved ones. Find out more: [link to website]
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Hey everyone! 👋 Let’s talk about something crucial – having a Will. Here’s why it matters and what you need to do: Peace of Mind: A Will ensures your wishes are honored and your loved ones are taken care of. No confusion, no disputes. Keep It Updated: Life changes! Review and update your Will regularly, especially after major life events like marriages, divorces, births, or financial changes. Minimize Taxes: A well-structured Will can reduce the inheritance tax burden on your loved ones. More of your assets go to them, not taxes. Take Action: 👉 If you don’t have a Will, create one today. 👉 If you have a Will, review and update it. Your future self and loved ones will thank you! Book a Session with Us: Need help planning ahead? Contact us at Plant Ahead Money to book a session. Let's ensure your Will is up-to-date and perfectly structured for your loved ones. 🌱 #EstatePlanning #WillPower #FinancialPlanning #PeaceOfMind #FamilyFirst #TakeAction #PlantAheadMoney https://lnkd.in/eGD-NFMW
7 June Weekly Updates
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Will paying for long-term care affect your inheritance planning? Many more of us people are living to 100, and we may need social care for years – making a big dent in our savings and the inheritance we may leave. Read more about this on our latest blog 👇 https://lnkd.in/efXzwYs5
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New Blog Post: Reviewing Your Beneficiaries: A Game of Many Levels
Reviewing Your Beneficiaries
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Helping Successful People Plan for, and Live Their Ideal Life, Prior to and in Retirement | A Well-Designed Plan Executed Becomes Reality | Former Paperboy | Blackbelt
Back in 2020 I wrote an article titled, "How to Leave a $1 Million Legacy to Your Children or Grandchildren with Only $10,000." How about we improve upon this outcome by several million dollars?
Using the Secure Act 2.0 to build a $4 Million Dollar Account with only $10,000
rossifg.com
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𝐍𝐄𝐖 𝐁𝐋𝐎𝐆 𝐏𝐎𝐒𝐓 🎆 Celebrate your freedom this Fourth of July by taking control of your future! An estate plan, specifically, a Life & Legacy Plan, is your personal Declaration of Independence. Discover how you can preserve your autonomy, protect your loved ones, and decide how you want to be remembered, rather than others deciding for you. ✨ Get the deets in this new blog post. ✨ https://bit.ly/3VZ2Et3 #EstatePlanning #LegacyPlanning #IndependenceDay #FinancialFreedom #ProtectYourFamily
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𝐍𝐄𝐖 𝐁𝐋𝐎𝐆 𝐏𝐎𝐒𝐓 🎆 Celebrate your freedom this Fourth of July by taking control of your future! An estate plan, specifically, a Life & Legacy Plan, is your personal Declaration of Independence. Discover how you can preserve your autonomy, protect your loved ones, and decide how you want to be remembered, rather than others deciding for you. ✨ Get the deets in this new blog post. ✨ https://bit.ly/3VZ2Et3 #EstatePlanning #LegacyPlanning #IndependenceDay #FinancialFreedom #ProtectYourFamily
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