Stop thief! That’s my identity

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Identity theft is a multi-billion dollar problem – and growing. To the extent that financial advisers help guide their clients in protecting against risks, the topic of identity theft is arguably one that advisers can credibly discuss, and not just because financial product communications are often targeted by those by criminal intent. Stories like this […]

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Negotiating aged care accommodation bonds – December 2013 update

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This is an update of an article last updated in July, 2013. This update addresses recent changes in legislation. Too often articles and information published on aged care focus on how to reduce the accommodation bond. Many clients (and their families) will also express a reluctance to pay the high bonds required. The opportunity to […]

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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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Negotiating aged care accommodation bonds

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This Article was updated on December 17, 2013 – To view the update click here. Too often articles and information published on aged care focus on how to reduce the accommodation bond. Many clients (and their families) will also express a reluctance to pay the high bonds required. The opportunity to initially agree on a low bond […]

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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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