The advantages depend on your family circumstances, the assets involved and how the trust is structured. Common reasons to consider one include the following. Potential tax advantages Certain income from inherited assets allocated to beneficiaries under 18 can be taxed at ordinary adult rates. This can be more favourable than the higher rates that otherwise…
A missed address update can send important bills, renewal notices and personal documents to your old home. This change of address checklist helps you work through who to notify when moving house in Queensland. Some updates need attention before moving day. Others have specific deadlines once you move. Your change of address checklist: who to…
Knowing when to update your Will helps you keep your arrangements in step with changes in your life. Regularly reviewing it should be on everyone’s to-do list. Here are the milestones that should prompt you to review your Will and make any necessary updates. When to update your Will: key life changes Relationship changes Are…
