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Family finance

This Month

Is paying for a ‘professional buddy’ the answer to loneliness for wealthy seniors?

Is a $25k ‘professional buddy’ the answer to loneliness?

Loneliness is big business. New high-end concierge services offer companionship for wealthy seniors, filling a void left by loss and distance.

When adult children receive money from a trust, they pay tax at their marginal rate.

How can we ensure our daughters get equal inheritances?

Many parents struggle with the idea of fairness when children earn different incomes or are at different stages of life.

Han Bailey is recovering from the loss of her father.

Caring for two generations cost Han her corporate career

What started as a six-month break for this executive morphed into a multigenerational caregiving squeeze that upended her life.

October

Family provision cases are never about whether a will is “fair” or “unfair,” all that matters is whether “adequate provision” has been made.

How Renee lost thousands contesting her father’s will

Normally when a will is contested, court costs for all sides are paid for by the estate. But if a judge rules that a claim is baseless, that can change.

The El-Bayeh family’s wealth grew from a Parramatta takeaway shop.

‘Rare’ victory for man with 10 siblings in $55m inheritance row

After working for minimal pay in the family takeaway shop for years, Tony El-Bayeh argued he was owed a share of the estate.

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I gave money to my son, and now I’ve lost my home

Becoming the bank of mum and dad is not without its risks, especially if the arrangement isn’t formalised, experts warn.

We’re inseparable, so are our finances. How two couples make it work

Meet a pair of spouses who are on opposite sides of the fence when it comes to combining their money. Here’s why none of the parties have regrets.

September

The latest HILDA survey shows how people are navigating cost of living, revealing gaps between renters and homeowners, shifting family choices, and rising isolation.

Richer, older, lonelier: 5 charts that show how Australia has changed

The latest HILDA survey highlights cost-of-living pressures, the widening gap between renters and home owners, shifting family choices, and rising isolation.

The Victorian Supreme Court found Jacqueline Cotter was entitled to some of her father’s estate despite a likely $43 million inheritance

Jacqueline stands to inherit $43m. She sued her father’s estate anyway

The case of Ian Cotter’s fortune and his daughter’s inheritance highlights the increasing complexity of estate planning in a world of divorce and blended families.

August

Peeplcoach founder Christine Khor says it’s important to teach our girls: a man is not a financial plan.

The pay gap widens as you age. Here are 3 ways to stop it

The older a woman gets, the wider the gender inequality yawns. But there are options for narrowing the gulf – they start at birth and last until death.

The 7 money secrets your partner is most likely to keep

A survey suggests 27 per cent of Australians in a relationship have committed financial infidelity.

July

Rasti Vaibhav with his wife Rupali Rastogi now have an 18 property portfolio

Why the secret to getting rich depends on saving your first $100,000

Charlie Munger famously said there are three brutal steps to getting wealthy. Rasti Vaibhav and Rupali Rastogi explain what it takes to do them.

June

It is possible to use ETFs to mimic the investment aim of a family office.

How to hack your way to a family office (with ETFs)

You might not have the money for a family office, but it’s possible to build a portfolio that gives you similar returns with exchange-traded funds.

Rob Luciano no longer has Regal Partners shares in his own name.

Regal Partners trades map Luciano separation

The Luciano family’s current 6.6 per cent holding in Regal Partners is a far cry from its original stake around 20 per cent.

May

Mature couple splashing in paddlingpool.

How to share your superannuation so you’re both better off

You might be surprised to learn that splitting super evenly isn’t always the best financial strategy. Here’s why.

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April

Documenting succession plans with contracts can help family businesses avoid the type of court stoush the Levis family is embroiled in.

How to avoid a succession fight like the Cue fashion family’s

The legal principle of promissory estoppel is tripping up founders who have made promises but not put them in writing.

March

Fighting over finances? You might need a money date

Coming to the meeting with the mindset that you’re going to be able to figure it out together is crucial.

Helping kids onto the property ladder can be tricky.

We’re helping our son buy a home with his girlfriend. What if they split?

Giving your kids a hand to get on the property ladder can be complicated if there’s another party involved.

February

Increases at high-end private schools ranging from 5 per cent to as high at 9.8 per cent.

Six ways to get ahead of private school fee inflation

The kids are back at school and your bank account has just taken another hit. Here are some tips for getting in front of next year’s rises.

December 2024

More than half (52 per cent) of Australian grandparents are providing or planning to provide financial support to grandchildren.

What to consider before giving your grandchildren money

Providing financial assistance can be rewarding, but give some thought to how it will affect your retirement.

Original URL: https://www.afr.com/topic/family-finance-hpl