News — nw-original

When you become the money manager for an ageing parent

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When you become the money manager for an ageing parent

Suddenly responsible for Mum or Dad's finances? Here's which documents matter, why a power of attorney doesn't open every door, and the simple habits that protect both your parent and you.

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Blended families and inheritance: protecting your partner and your kids

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Blended families and inheritance: protecting your partner and your kids

In a blended family, "we'll just leave everything to each other" is the plan most likely to end in court. Here's how life interests, testamentary trusts and binding super nominations let you look after your partner and your own children at the same time.

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The 'death tax' on super that catches most families by surprise

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The 'death tax' on super that catches most families by surprise

There are no death duties in Australia, but superannuation left to adult children is taxed - and most families only find out when the cheque arrives. Here's how the tax works, what it costs, and the four things you can do about it while you're alive and well.

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Keeping the peace: how to write a will that doesn't split the family

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Keeping the peace: how to write a will that doesn't split the family

Most families that fall out after a death aren't really fighting about money — they're arguing about what the will seemed to say about them. Here's how the rules on challenging a will work around Australia, and the five decisions that cause most of the trouble.

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Powers of attorney: the document you need before you need it

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Powers of attorney: the document you need before you need it

An enduring power of attorney is the only document that lets someone you trust manage your money and your care if you ever can't — and you can only sign one while you're still well enough not to need it. Here's how it works, what changes state to state, and what happens to your family if you don't have one.

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