Aon Hewitt selects Equity Trustees for estate planning services

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Aon Hewitt has selected Equity Trustees Limited (EQT) to provide an estate planning referral service for its advisers. Through the partnership, Aon Hewitt will have access to the services and assistance of EQT’s accredited estate planning and wills specialists, on behalf of its clients. The service is available to Aon Hewitt’s financial adviser network although […]

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Centrelink attribution & testamentary trusts

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Do your clients with testamentary trusts have beneficiaries who are Centrelink administered benefit recipients? Have you discussed how these arrangements will operate and the impact they will have on the beneficiaries? Specialist advice may be needed. The source and control tests for Centrelink attribution of a trust’s capital and income pose challenges for the operation […]

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Family Trusts, Private Companies and Centrelink – how do the Attribution Rules affect your Retiring Clients?

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It is surprising how often I receive calls from advisers asking me to explain how Centrelink will treat their client’s family trust or private company, predominantly for Age Pension eligibility. In many instances, ‘Mum and Dad’ had a family business for many years that has long since ceased to be a going concern and, but […]

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Estate Planning: a client-led context for financial advice

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In Chapter Seven of its final report, the Ripoll Committee has called for the creation of a professional standards board for financial advisers. Irrespective of the fate of this recommendation, elements of the financial planning profession are taking steps to ensure that their standards are sustained at the highest level of professionalism (1). Professionalism is […]

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Retirement can lead to a feeling of abandonment

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It is increasingly recognised that the need for financial advice grows rather than declines in retirement. Yet many baby boomers will find that their financial adviser will also retire at around the same time they do, and won’t be around to give them the additional help they will need during their  retirement, warns Mr Phil Galagher, […]

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Family Trusts, Private Companies and Centrelink – how do the Attribution Rules affect your Retiring Clients?

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This Article was updated on July 23, 2012 – To see the update click here . It is surprising how often I receive calls from advisers asking me to explain how Centrelink will treat their client’s family trust or private company, predominantly for Age Pension eligibility. (This story first appeared in the Journal of Financial Advice […]

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Intestacy

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Each State has its own laws and arrangements that apply when someone dies without a will. The NSW law on intestacy changed on 1 March 2010, and so this is an opportune time to briefly explain the changes for the benefit of NSW advisers and for advisers everywhere to review the importance of ensuring that […]

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