AJ Financial Planning Blog
We like the quote by R. Bennett when he summed up the following "Top 15 things money can't buy; time, happiness, inner peace, integrity, love, character,... respect, morals, trust, patience, common sense, dignity."
Our blog shares our latest ideas, critical thinking, thought-provoking insights, innovative exploration of the markets, economies, investments and areas in the financial markets that require change.
AJ Radio – Episode 18
In this 18th Episode of AJ Radio we look at inheritances – what are the changes that have occurred in this area, what are the common mistakes people make with giving and also receiving inheritances, and also how you can best optimise a potential inheritance.
Are your heirs going to blow your money?
I was recently reading the Wall Street Journey and noticed an interesting statistic….70% of inherited wealth is lost by the second generation and 90% by the third.
Will your heirs pay tax on your inheritance?
Most Australians feel comfortable with the knowledge that unlike other countries (such as the USA) there is no inheritance tax here… but is this really true?