NewsBite

Estate planning

December 2024

Rupert Murdoch’s attempt at cementing Lachlan’s control over the media empire was rejected by a Nevada court.

Logan Roy’s death morphed into a real life Murdoch succession drama

Shortly after the fictional patriarch died on television, the family behind the News and Fox empires began to plot life after their patriarch, Rupert.

  • Sam Buckingham-Jones

October 2024

Gary Driscoll and his husband Dale Schilling with their dog Finn at their Petersham home.

Who three childless couples plan to leave their money to

One of the joys of a life well lived is lavishing the wealth you’ve created on others. If you don’t have natural heirs, thorough estate planning is crucial.

  • Nina Hendy and Joanna Mather
There’s one in every family.

Would your family trust survive a black sheep attack?

Trusts are the go-to structure for asset protection and inheritance planning but as more wealthy families are discovering, they’re not bulletproof. Experts weigh in on how to prevent costly showdowns.

  • Duncan Hughes

September 2024

AFR

Disputes over the remains of loved ones are on the rise

Fights over funeral arrangements and ashes are increasingly ending up in courts. What to know about your rights and responsibilities.

  • Duncan Hughes
AFR

Why this Baby Boomer is leaving everything to her grandkids - not kids

Grandchildren are emerging as winners of the $4.9 trillion generational wealth transfer as the bank of nan and pop funds home deposits, cars and tuition fees.

  • Duncan Hughes and Lucy Dean
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July 2024

A key question is whether children have the financial literacy and emotional intelligence to handle a significant sum of money.

Six questions to ask your adult kids before writing a will

Not everybody has the financial literacy and emotional intelligence to handle a significant inheritance.

  • Nina Hendy
AFR

What’s a close personal relationship? The ATO has its own idea

There are limited circumstances in which superannuation benefits can be passed on tax-free, and a lot depends on the relationship definition.

  • Peter Townsend
AFR

New $3m super tax is ‘stealing my children’s inheritance’

Family enterprises face hard questions about whether to abandon their succession and retirement plans by selling their shops, farms and factories,

  • Duncan Hughes
Prosecutors have submitted that Craig Townshend should receive a sentence of up to nine years.

Court denies deathbed wish to award $1.2m to estranged lover

A bitter family fight over a super inheritance highlights the role of binding death nominations, how they work and why it is necessary to regularly review them.

  • Duncan Hughes

June 2024

AFR

When bank of mum and dad comes with interest

Retirees are increasingly expected to live with, care for and financially support older and younger family members. Here’s your guide to avoiding strife when it comes to wills, means testing and elder abuse.

  • Duncan Hughes
Advisers say critical financial decisions are made decades before retirement.

What to do with $400,000 inheritance when you have no super

A windfall could give a woman living in her daughter’s granny flat access to three income streams.

  • John Wasiliev

May 2024

AFR

Decades after tycoon’s death, his family is suing each other over a mansion

Tech tycoon’s widow says she felt ‘used and abused’ in a dispute that pitted her three children against her – and each other.

  • Duncan Hughes
Services that offer simple wills are not doing the will maker any favours unless they explain what the will maker is giving up by using one.

Why there is no such thing as a simple will

You’ve got to understand what you’re giving up when you sign a simple will – and how there are better ways to protect your loved ones.

  • Peter Townsend

April 2024

AFR

A child won a share of her dad’s estate – despite planning to kill him

A 75 per cent success rate in contesting wills is encouraging more family members to sue for a bigger share. Here’s how to protect your final wishes.

  • Duncan Hughes

March 2024

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The most ‘dangerous’ phrase in inheritance planning

“To be shared equally between my children” sounds simple, yet it’s anything but.

  • Penny Pryor
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Violette Snow near her home in Tasmania.

What to do with a big inheritance

Around $10 billion worth of shares, cash and property is bequeathed every month in Australia. Experts weight in on how to manage a windfall.

  • Duncan Hughes

February 2024

Beware the hidden dangers of verbal promises when it comes to inheritance.

The inheritance promise that will rip your family apart

Small businesses and farms are potential battlegrounds where future generations dispute verbal agreements about who gets what.

  • Duncan Hughes

This bygone inheritance strategy is making a comeback

Unborn children and grandchildren are taking precedence over in-laws and other new arrivals as blended families raise the stakes in estate planning.

  • Duncan Hughes

December 2023

How to claim your spouse’s super after they die

There’s a way to move their retirement savings to your super – this is how to get things going.

  • Meg Heffron

November 2023

Our son is demanding an early inheritance. Should we give it to him?

It’s not always a good idea, but there are ways that make it watertight and fair to everyone.

Original URL: https://www.afr.com/topic/estate-planning-hot