Estate Planning

Estate planning for hobbyists and collectors

Barbara Drury Hobbyists and collectors often have well-founded fears their 'treasure' could end up in landfill or sent to Vinnies when they die.

TIP OF THE WEEK

Self-managed super can assist estate planning

A self-managed super fund can have benefits even after you die.

Michael Hutton A self-managed superannuation fund (SMSF) can provide you with excellent estate-planning benefits.

When it comes to managing money, sometimes simple is best

Noel Whittaker An understanding of numbers is important when making financial decisions. But sometimes other factors can become more important.

How to decide which assets to sell when your income falls short

Given that interest rates are seen to be heading up in coming months and years, and the property market is arguably cooling down in Sydney and Melbourne, this could be a good time to sell.

George Cochrane Financial expert George Cochrane answers your questions.

Cost of having no will far higher than the fees to get it right

Noel Whittaker Nearly 50 per cent of people die without a will, and most of the remainder seem content to use a "do it yourself" job from the local stationery shop.

Avoid these mistakes to 'retire right'

Noel Whittaker The way to a happy life is to have "someone to love, something to do and something to look forward to".

How the funeral industry preys on grieving families

Caitlin Fitzsimmons Death may be one of the great certainties of life, but there's nothing compulsory about a funeral.

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FIRST PERSON

'My dad rewrote his will just before he died of cancer'

Writer Nina Hendy wishes she had discussed her father's estate planning while he was fit and healthy.

Nina Hendy My father updated his will, I have absolutely no idea what he was trying to document.

When seniors own a $1m home, but have no money

It's important to get financial advice before selling the family home to fund retirement.

Noel Whittaker Baby Boomers' parents are living much longer than expected, providing fertile ground for family conflict over how to care for them.

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The reason for the focus on home care for the elderly

Noel Whittaker Have you noticed that all the talk about aged care at the moment is focused on home care?

Why everyone needs a will, especially parents

Orphaned children may have a loving extended family but if their parents don't nominate a testamentary guardian, it becomes a matter for the family court.

Caitlin Fitzsimmons One of the biggest reasons parents need a will has nothing to do with who gets their money if they die.

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Rebuilding after divorce

Mark Bouris Men and women take about five years to stabilise their finances after a divorce.

Pre-empt the legal limits to powers of attorney

Noel Whittaker Enduring powers of attorney are common but widely misunderstood.

The four stages of love - and money

Mark Bouris With Valentine's Day coming up it's a good time to think about love and money, and how to marry the two together.

Time to reallocate assets within the family

Daryl Dixon With the opportunities for investing or reinvesting money into super soon to be severely limited, now's the time to plan ahead for alternative tax-effective strategies.

Five reasons we don't have a retirement savings crisis

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Caitlin Fitzsimmons There are powerful vested interests pushing the idea that Australians need to save more for retirement.

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MIND OVER MONEY

Is it ethical to treat your children differently in your will?

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Caitlin Fitzsimmons Disputes and ruffled feathers over inheritance are common, because it's nearly always about love and rejection as well as money.

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How to increase your income – focus on outcomes not hours

Catherine Robson If we want something, we can either reduce expenditure, or increase our income.

How to find a good financial adviser

Good financial planning should address your goals.

Noel Whittaker My stock answer is: "That is no different from your asking me how to find a good doctor, accountant or motor mechanic. I really don't know."

The trick to seeing a financial adviser? Start with something specific

Mark Bouris You don't have to be pulled into full-scale financial planning, where the adviser starts with a $3000-plus statement and then has you on an annual retainer.