Video: Estate Planning

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With an ageing population and increasing divorce rates, the demand for estate planning solutions will continue to grow rapidly in both the short and long-term. For many advisers, the term ‘estate planning‘ conjures up thoughts of complex, highly technical advice solutions such as wills and testamentary trusts. Whilst some aspects of a comprehensive estate planning […]

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Estate Planning out of the too-hard basket

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Financial planners can now provide clients with a tangible estate plan in the time it takes to deliver a client review, according to Hans Egger, co-creator of the AstuteWheel Estate Planning suite of tools.   “Planners need to be dealing with estate planning within their practices in order to make sure their client is fully […]

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RI Advice Group launches innovative online Estate Planning Program

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RI Advice Group (formerly RetireInvest) yesterday announced the launch of an Estate Planning Program to its network of over 170 advisers across Australia. Commenting on the launch, Head of RI Advice Group, Darren Whereat said: “It’s important that we connect with the next generation of our current clients and provide quality guidance on this critical […]

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Centric Wealth says estate planning central issue for same sex couples

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Financial planning and estate planning just as important for same sex couples as it is for more traditional unions. Centric Wealth has said that even without recognised gay marriage, there are many areas where those in same sex relationships are given the same rights as traditional couples.  However, as legislation varies amongst states and territories, […]

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Survey reinforces SME’s lack of exit planning jeopardizing future retirement goals

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Reflecting on the disturbing trends that were identified in the June 2013 MGI Australian family and private business survey, Succession Plus Pty Ltd Founder and CEO and President of the Australian Chapter of Exit Planning Institute (EPI), Craig West said that far too many SMEs were jeopardizing their retirement plans and futures through lack of planning and focus […]

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Have conversations about aged care sooner rather than later

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Unpalatable as it may be, clients should be encouraged to have sensitive discussions with their families about aged care needs sooner rather than later if they want to avoid potential conflict and distress, as well as financial problems, says Derek McMillan, CEO of Retirement Living at Australian Unity. “Our rapidly ageing population, increasing life expectancy, […]

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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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