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Australia offers small businesses a trust tax exemption mechanism
1+ week, 3+ day ago (240+ words) Australia’s federal government has proposed a mechanism under which small businesses may be exempt from the new minimum 30% tax on discretionary trusts without changing the trust structure. This is intended to help avoid restructuring, which can usually trigger the payment…...
CNBC: Wealthy families are advised to plan ahead for the transfer of control from their
3+ week, 2+ day ago (288+ words) elderly parents UA.NEWS CNBC: Wealthy families are advised to plan ahead for the transfer of control from their elderly parents Wealthy families should discuss in advance the transfer of control over the business and assets from their elderly parents…...
Singapore names 25 points for planning in the event of death
1+ week, 7+ hour ago (301+ words) In Singapore, Channel NewsAsia published a list of 25 things that people are advised to organize in advance to reduce the practical burden on loved ones after a person's death. It includes funeral wishes, a will, information on assets and debts,…...
MarketWatch: protecting finances in case of incapacity
3+ day, 6+ hour ago (280+ words) MarketWatch: how to protect finances in advance in case of incapacity UA.NEWS MarketWatch: how to protect finances in advance in case of incapacity In a MarketWatch column, a 65-year-old man whose wife retired this year spoke about concerns over…...
Woman questions funding nephews’ education from inheritance
2+ day, 18+ hour ago (308+ words) A 60-year-old woman wrote to MarketWatch’s The Moneyist column to ask whether it is fair that her 87-year-old mother wants to fund the education of her younger son’s two children during her lifetime. The mother plans to pay educational institutions…...
US beneficiary errors can change inheritance distribution — MarketWatch
2+ day, 7+ hour ago (404+ words) In the US, beneficiary designation errors can change inheritance distribution — MarketWatch UA.NEWS In the US, beneficiary designation errors can change inheritance distribution — MarketWatch In the United States, beneficiary designations for retirement accounts, insurance policies and other financial assets can…...
Protecting a son’s house investment on shared land — MarketWatch
4+ day, 17+ hour ago (256+ words) The writer of a letter to MarketWatch, whose house and large plot of land are held in a trust for the benefit of two sons, is considering building a small house for one of them. The son plans to pay…...
Americans advised not to rely on expected inheritance for retirement
4+ day, 9+ hour ago (227+ words) In the United States, one-third of people under the age of 65 expect to receive an inheritance or financial gift in the future, according to a LendingTree study. Among Americans earning $100,000 a year or more, 53% of respondents gave this answer. At…...