Don’t wait for life to happen – Week 4: Becoming a grandparent

After you’ve worked hard to give your kids the best start in life, what better reward could there be than seeing them have children of their own? As a proud grandparent, you’ll want to make sure the little ones, as well as your own children, are looked after financially when you’re gone — and that’s why estate planning is so important.

With the right financial strategy, you’ll be able to pass your wealth down to future generations. The first step is to create a Will, which specifies how you want your assets to be divided and distributed after you pass away. Having a proper Will can also help avoid disputes between your beneficiaries when the time comes.

Remember, your estate includes most things that you own — so it’s worth taking stock of all your valuable assets, and updating your Will regularly to reflect any changes in your financial or family circumstances. You might also choose to grant Enduring Power of Attorney to a trusted family member, so they can manage your affairs if you become mentally incapacitated.

But there are a few things that aren’t automatically considered part of your estate, such as your super and life insurance. You should consider whether make to make a binding nomination to a beneficiary or beneficiaries including to your estate if you would like those assets to be distributed in accordance with your Will. Some assets you own jointly with someone else may automatically pass to that person upon your death.


Disclaimer: This article has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.

Information in this article is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document.

This document contains general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.

Insurance priorities for all ages – Life Stage: Family with young children

Are your family, friends or adult children part of the large percentage of Australians who are under-insured? Here’s a simple guide to stage-of-life insurance priorities.

 

Priorities have shifted. You’re making your way up the work ladder but the pressures of a mortgage, a second car and young children are being felt.

What if you were suddenly unable to work? What if an accident or illness meant you were no longer around to help care for your family? How would mortgage repayments and school fees be met? Suggestions for this period include a selection from the previous three covers – Income protection, TPD, and Trauma – as well as Life insurance and Child Cover.

A financial adviser can ensure you are neither over-insured nor under-insured.

Life insurance – pays your beneficiaries a lump sum if you were to pass away.

Child Cover – in summary, child cover will pay a lump sum of to $200,000 in the event of 38 child trauma events, including severe burns.

1 http://ricewarner.com/rice-warners-latest-underinsurance-research-report/

NEXT: Mature couples and singles

http://ricewarner.com/rice-warners-latest-underinsurance-research-report/


Disclaimer: Information in this article is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document.

This document contains general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.

0 comments on “How to best protect the little ones in our lives – Child Cover”

How to best protect the little ones in our lives – Child Cover

Ageing Parents, Aged Care Plan

In summary, child cover will pay a lump sum of to $250,000 in the event of 38 child trauma events, including severe burns.

Most insurance companies do offer this cover, including Zurich, Suncorp, Onepath, Asteron and your private health cover insurance providers.

It’s such an important component, especially when we think of how precious these little ones are in our lives.

If you would like to know more or have Child Cover explained in more detail, contact Matt today on 08 6315 2700.

DISCLAIMER:

The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product. Insight Financial Partners Pty Ltd ABN: 73 101 279 663 is an Authorised Representative of Count. ‘Count’ and Count Wealth Accountants® are trading names of Count Financial Limited ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Professional Member of the Financial Planning Association of Australia Limited. Head Office: Commonwealth Bank Place, 11 Harbour Street, Sydney 2000 | 1300 650 432  www.count.com.au.

0 comments on “Rise as the dollar falls, SMSF: How and why to diversify, Teaching kids the secrets of success”

Rise as the dollar falls, SMSF: How and why to diversify, Teaching kids the secrets of success

The Count Report - Autumn 2015

The Count Report – Autumn 2015