Finance News
An individual or organization which holds or manages and invests assets for the benefit of another. The trustee is legally obliged to make all trust-related decisions with the beneficiary’s interests in mind, and may be liable for damages in the event of not doing so. Trustees may be entitled to a payment for their services,…
Trustees of Self-Managed Superannuation Funds (SMSFs) looking to diversify their investment strategy may consider artwork as a viable alternative asset class. Artwork for such superannuation purposes includes paintings, sculpture, drawings, engravings, photographs and reproductions. There are several issues trustees should address before purchasing. There are rules which came into effect from 1 July 2011 which…
Since the global financial crisis, debt has fallen out of favour in Australia. We’ve taken advantage of lower interest rates to pay off our debts at record rates. In March 2013, Australia’s three million home loan customers were 14% in front on their home loans, according to the Reserve Bank, giving the average home owner…
Two minute scenarios… Some clients need Wills with testamentary trusts, some do not. We always tailor our advice to suit the client and prepare Wills accordingly. Following are some scenarios where clients did not need Wills with testamentary trusts. ________________________________________ Scenario One… John & Robyn Scenario: John and Robyn have been married twenty years and…
Thanks to RBS Morgan they have put together a special bulletin highlighting the rebound in business and consumer confidence that has historically occurred post a Federal Election, which flows through to the Australian stockmarket. Michael Knox has quantified this effect as adding almost 4% to the Aussie market in the quarter immediately after the election…
I spoke on MYMP 1377 on Tuesday August 13th about my success I had travelling overseas with my OZForex Travel Card and I can honestly say it was sensational. As we all know we are living in a cashless society and almost to a level where cash doesn’t exist. And travelling through the US and…
For the first time, Sydney is among the top 10 of the world’s most expensive cities for expatriates, and is the only Australian city to do so, according to Mercer’s 2013 Cost of Living Survey. For the survey, New York is used as the base city, and all cities are compared against it. Currency movements…
What Is Mortgage Insurance? Mortgage insurance (also known as mortgage guarantee) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer and is usually required if the buyer does not have in savings 20%…
