WA court case highlights lessons on death benefit conflicts

Miranda Brownlee  8 April 2019  SMSF Adviser A Western Australian court case has further emphasised the importance of making wills and binding beneficiary nominations in respect of superannuation benefits as well as addressing conflict issues. The case of GONCIARZ v BIENIAS [2019] WASC 104, heard by the Supreme Court of Western Australia, concerned the payment of a…

Shorten’s 6 big tax slugs to hit Aussie middle class

By Paul Rickard  January 10, 2019 In a little over four months, Australians are set to elect Bill Shorten as their 31st Prime Minister. He will lead a left of centre, anti-business Government that will slug millions of Australians with higher taxes. Those impacted will include investors, self-funded retirees, small business entrepreneurs, professionals, managers and savers.…

The 20 Commandments of Wealth for Retirees

By legendary financial adviser Noel Whittaker 1. Ignore the prophets of doom – they are always with us and usually wrong. 2. Make sure your children have adequate insurance. It’s much more affordable than your funding their misfortune. 3. Understand compounding, and appreciate that the rate of return your portfolio can achieve will be a major factor in how long your…

Blended families: how to look after second spouse and not risk kids’ inheritance

  By Brian Hor   7 Dec 2018  Australian Financial Review Many modern households are blended families, in which it’s not unusual to have stepchildren of one of the parents in the couple. Often the household starts out as a “traditional” family with two people who are both the parents of the children. Then one of them…