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... Read more continue reading

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,... Read more continue reading

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... Read more continue reading

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... Read more continue reading