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Inheritance

This Month

The billionaire, the mine, the minority stake and her lover

It’s 14 years since Gina Rinehart transferred ownership of a company to her late lover. The company controls a stake in her next big mine, but who controls it?

  • Peter Ker

December 2024

Sibling rivalry can turn nasty when it comes to inheriting the family home.

Sibling rivalry: what to do when inheritance goes horribly wrong

Millions of Australians will jointly inherit the family home with siblings. We explore four common scenarios, what can go wrong and how to resolve disputes.

  • Joanna Mather
Each of three sons will get 30 per cent of the estate and 10 per cent will go to the Rebecca Jane Foundation.

Inheritance planning is hard with step kids. How this couple did it

The O’Connells are mum, dad, three boys and a lost baby girl. They put estate planning in the too-hard basket for years but eventually found the strength for tough conversations.

  • Alexandra Cain

November 2024

Kids need to learn to work, to fall down, get up, dust themselves off and build careers.

I work with wealthy families. This is the ideal inheritance size

We have a moment in time to seize the significant wealth transfer while benefiting society and creating the kind of people we want our kids to be.

  • Peter Winneke
Safewill co-founder and chief executive Adam Lubofsky with Isabelle Marcarian, the principal solicitor at Safewill Legal, and Henry Harding its chief operating officer.

Death tech a safe bet as investors see value in digitising last requests

The inevitability of the end of life, and the administrative burdens that come with it, convinced high-profile investors to back a $17 million funding round.

  • Paul Smith
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Amber Daines was disappointed when she found out what was in her father’s will.

‘Hurt badly’: When Dad leaves everything to his new wife

Two women share their heartbreak at being overlooked in their fathers’ wills and 10 strategies for safeguarding inheritances.

  • Nina Hendy and Joanna Mather
Helping out the kids with your super? Here’s what you should know.

Tapping super to help your kids buy a home? Read this first

While accessing your super to help the kids buy property may seem like a good idea, there are a few things to understand first.

  • Ben Smythe

October 2024

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How your kids could help you avoid this super death benefits catch

The transfer balance cap also applies to pensions received on death and this is where it may catch you out.

  • Colin Lewis
Australia and New Zealand have very different rules for capital gains tax.

How will the ATO view an inheritance from New Zealand?

Estate planning can be difficult for those with family ties on both sides of the Tasman.

  • Penny Wise
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
Dick Kirby at home in Melbourne. He says he’s happy to give money to his grandchildren because “I just want to make sure that they’re all in houses, not renting”,

Grandparent economy: Bank of nan and pop funds homes, school, holidays

Dick Kirby is helping his children and grandchildren establish themselves financially as surveys indicate grandparents are easing cost-of-living pressures for cash-strapped families.

  • Michelle Bowes and Lucy Dean

Why the family farm has become a huge inheritance challenge

Succession planning can be extremely difficult, but it doesn’t have to be if you start talking early and come up with a workable strategy.

  • Larry Schlesinger

July 2024

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
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AFR

How to beat the ‘death tax’ set to increase cost of dying by 650pc

The cash-strapped Victorian government wants to increase probate fees. Here’s how much you might have to pay – and strategies for avoiding the hit.

  • Duncan Hughes

We inherited dad’s house in the UK – where to pay capital gains tax?

Sisters who moved countries find tax and administration penalties could eat into their inheritance.

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

How to take the tax sting out of inheriting shares

Nearly $5 trillion will be passed on over the next decade. But advisers warn it’s easy to fumble a pricey portfolio if you’re not careful.

  • Lucy Dean
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

Original URL: https://www.afr.com/topic/inheritance-hp7