When it comes to romance and relationships, the emotional decision about who you think is your partner, may be very different to the legal decision about who is legally considered your de facto partner.
The questions about who may be a boyfriend or girlfriend and who is a de facto become important distinctions when it comes to super payouts, life insurance payouts and family law claims on your finances, investments and property interests.
Simply put, you can nominate in writing who you want to receive any future payout with a Beneficiary Nomination or Binding Death Nomination (depending upon what you choose).
Many blended Australian families wanting greater certainty in their estate planning choose to make a mirror Will with their spouse - effectively leaving everything to each other.
A few years ago, I attended a conference for business owners discussing the importance of ethics and purpose in business.
Things were going great until someone stood up and asked ‘that’ question. But wait, I’m getting ahead of myself.
While LGBTI people are as diverse as the rest of the population, their shared experience of discrimination creates many common financial issues.
You can read more about the original eGuide here.
Click here to view the full-sized infographic.
Research shows LGBTIQ+ people have reduced access to health services and reduced access to relevant discrimination-free financial advice.
Our latest eGuide - 7 Financial Decisions Same-sex Newlyweds Need to Make - is our free gift to the LGBTIQ+ community.
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Most adults are presumed to have the mental capacity to give consent themselves. But what happens when you can’t make decisions for yourself?
The person next in line to make decisions for you is referred to as the person responsible and it might not be your next of kin.