Why single parents need to have a Will!

Are your children the beneficiaries of your life insurance? Do you realise the problems this creates if they’re under 18? Since they haven’t reached the age of majority (currently 18), they cannot manage their own financial resources. This means that someone else has to do it for them. That someone else would be the legal guardian, who in […]

Financial Planning | The one major reason why we set up trusts

In our last financial planning article we spoke of using a trust to “freeze” assets. Today we’re going to consider two more reasons for having a trust set up… Asset protection Paul owns a large retail business in the Northern suburbs. Besides the retail business he also owns a number of commercial properties. Paul’s major […]