In your 20s and 30s, you climb the "first mountain" of career and status. But the second half of life is about the "second mountain": family, philosophy, and community. How will you be remembered? Define your legacy with Humble Goode Financial. As specialist financial advisers in Adelaide, we align your wealth with family values and long-term estate goals to secure a very meaningful future today.
Read MoreDespite recent sentiment about using super as a band aid for Australia’s housing crisis, the original intention of the scheme was to provide funds for those in retirement and reduce reliance on the age pension. Australians have accumulated a total of $3.9 trillion in superannuation assets (June 2024).
Read MoreThe surviving spouse has a lot to think about when a member of an SMSF dies. While it pays to understand the options quickly, often they’re best served by moving a little more slowly before making final decisions.
Read MoreThe intergenerational wealth transfer will see many assets bequeathed. Most of these assets won’t be cash. Share portfolios are a common way that beneficiaries will receive assets – especially when the owner is an income investor that is living off dividends without drawing down on the capital of the portfolio.
Read MoreEstate planning goes beyond just preparing a will – it's about wealth and assets being protected, preserved, and passed down to your loved ones the way you intended.
Read MoreThe intergenerational wealth transfer will see many assets bequeathed. Most of these assets won’t be cash. Share portfolios are a common way that beneficiaries will receive assets – especially when the owner is an income investor that is living off dividends without drawing down on the capital of the portfolio.
Read MoreA Special Disability Trust is a trust established by parents and immediate family members for the future care and accommodation needs of a person with a severe disability (principal beneficiary).
Read MoreWith an increasing number of elderly parents living with their adult children is it possible that an adult child of a deceased parent could, on the death of the parent, receive their parent’s superannuation tax free?
A new report suggests most Australians want to share their wealth with the next generation but are unsure of the best ways to do it.
Read MoreWe are in the opening stages of the largest intergenerational wealth transfer in history. An estimated $3.5 trillion of assets in Australia will be passed on prior to 2050. As it stands now, 21% of household wealth is held in superannuation. As contributions continue to rise superannuation will continue to be a significant stake of household wealth.
In a recent Private Binding Ruling the ATO was asked to consider the tax treatment of the death benefit where the death benefit was paid after the surviving spouse had passed.
When a member of a superannuation fund passes away, any benefit they have within superannuation must be cashed as soon as practicable.
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