Wills, Death and Taxes Made Simple
Author(s): Noel Whittaker
Stay in control of your assets. Prevent the kids from fighting. Avoid massive legal fees. Create a smooth, delay-free process. Win the war with the Tax Office.
The catalyst for writing a book about estate planning was a bulletin from Finder claiming that 12 million Australians did not have a will and 60% have never given a thought to estate planning. That’s a serious situation – and a signal that many people are unaware of the complexities that can arise if proper estate planning is not put in place.
Here are just a few of the issues you will learn about as you read this book.
- What 80% of people fail to do after they’ve made their will. The consequences may be horrendous.
- The difference between a superannuation member benefit and a superannuation death benefit. Not understanding this could cost hundreds of thousands of dollars in unnecessary tax.
- A common misunderstanding about enduring powers of attorney.
- Which assets fall outside the will and cannot be bequeathed in terms of the will.
- The major mistake made by many pensioner couples when they are making their will. Getting it wrong can cost the survivor their entire pension.
- How to handle the complexities that occur when you are left a property situated overseas.
- Strategies to prevent family squabbles.
- What do you need to know if you wish to contest a will.
- Why you need to be wary about accepting the role of an executor.
- The best kind of assets to leave to beneficiaries who are overseas residents. The tax treatment is complex.
- The main reason most wills are challenged, what to do to try to prevent this.
- How to use testamentary trusts to prevent your beneficiaries from losing control of the money. This could happen because they are not able to handle money, are in a difficult relationship, or are running their own business.
- The investment product that sits outside the will and is safe from challenge.
- The importance of using up capital losses before death.
- Whether you should have a nomination as part your superannuation fund, and whether it should be binding or non-binding.
Product Information
General Fields
- :
- : whittaker
- : whittaker
- : 01 May 2024
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- : books
Special Fields
- : Noel Whittaker
- : Paperback
- : English