News — nw-original

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

• estate planning • nw-original • superannuation • tax • topic-018

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.

Read more →


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

• estate planning • family • nw-original • topic-017 • wills

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.

Read more →


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

• estate planning • nw-original • power of attorney • topic-016

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.

Read more →


Your will doesn't control your super. Here's what does

• binding nomination • estate planning • nw-original • superannuation • topic-015

Your will doesn't control your super. Here's what does

Superannuation sits outside your estate, so your will has no say over it — the trustee of your fund decides, unless you've filled in the right form. Here's how binding, non-binding and reversionary nominations differ, who you're allowed to name, and the tax that catches adult children out.

Read more →


No will at 50? What actually happens to your family

• estate planning • nw-original • topic-014 • wills

No will at 50? What actually happens to your family

Dying without a will does not mean your money disappears — it means a formula written into state law decides who gets it, and that formula knows nothing about your family. Here is what really happens, and why your super may not be covered by your will at all.

Read more →