For many Australian families, financial support is no longer something that happens only through inheritance. It’s happening now. Welcome to the era of the Family Bank.
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We often bemoan about the pains and pressures brought on by rising prices, but rarely do we wonder what these will mean for those nearest and dearest to us after we’re gone. That’s the question more and more Baby Boomer Australians are asking themselves as they begin the process of inheritance planning.
When it comes to life insurance, what you don’t know can hurt you, and your loved ones. In moments of crisis, the right cover can be life changing. But how do you know if you’re adequately protected?
Australia is on the cusp of one of the largest intergenerational wealth transfers in history. While formal bequests are one part of the story, the “Bank of Mum and Dad” continues to play a growing role in wealth transfer.
How much life insurance is enough—and do you really have the right cover in place? With underinsurance a growing issue in Australia, we explore the different types of life cover, how to determine what you actually need, and why trusted financial advice makes all the difference.
Receiving a life insurance payout is often an emotionally charged moment—while it provides crucial financial support, it also comes at a time of loss and transition.
Financial advisers help Australians with a wide range of financial issues during their lifetime, from budgeting to estate planning and everything in between. They also help Australians to have a more positive outlook, to feel more prepared and secure and to consider reaching out to other wealth professionals if they have a need.
Dealing with insurance claims can be challenging, as it requires you to fill in a seemingly endless number of forms and provide detailed information. Insurance claims may also be filed while you’re dealing with the repair or replacement of recent damage or loss.
If your relationship with your spouse ends, you should be aware of what can happen to the super entitlements.
The moment you realise you’ve made it in this world is a profound and multifaceted experience, encompassing more than just financial success.
