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At Sapience Financial, much of our advice involves helping people learn new skills and insights.
- We have a range of individually hand-crafted Blog Articles relevant to our client's needs and lives.
- We also have separate more in-depth Key Articles to help you understand some of the practical details of our specialty products and services in greater depth, specific to the needs of many of our small business clients, friends, and supporters.
Use the blue site Search Button at the top right corner of our site. And if you really want to drill down through our data for something very specific, you can also search by Article Tag here. Alternatively, if you're looking for something in particular, just get in contact here.
Below you can search our archive of Blog Articles by title or date published.
How to leave an inheritance to your Grandchildren, but not your Adult Children?
The reasons why you may wish to leave an inheritance directly to a grandchild and not your adult children are as wide and varied as the motivation to do so.
Just leaving money via your Will for a grandchild to be held in trust until they reach 21 is fraught with risks; from a challenge to your Will to concerns about the effects of addiction, divorce, and financial mismanagement.
Are you part of the 30% of Australians who have remarried and now have adult children from a past relationship?
It's a common fact of modern life, people live longer and have more relationships. It's not uncommon for many parents today to be part of a blended family and to each have older (and often soon-to-be adult) children from a former relationship.
And when it comes to making a Will, how can you be sure you're kids are not cut out of their inheritance by your new partner?
Here's a strategy that might be worth learning more about.
What you can't give away in your Will and why?
To give something away, you need to legally own it first.
You'd think this would be kind of straightforward, well think again.
Now I'm not talking about the neighbour's cat who has lived with you as your adopted fur-child for the past two years or the trailer your adult son still parks at your home for temporary safekeeping, 5 years ago.
I'm talking about bigger value items we sometimes own with others and often believe we can simply give them away in our Will. (And if you don't have a Will we'd love to help you out with that too.)
A problem arises when we share ownership of assets with another party.
Most Australians report preferring to talk to their parents about sex, rather than money
When it comes to the reality of talking with our parents about money and aging, there is never really a right time. But there is probably a better time - and this is what you can do about that.
If you're part of the Sandwich Generation, there's a good chance you’ll become part of the growing number of adult children who will have to get involved with their parents' financial lives as they age.
- What is an account based pension and why should I care?
- Investing and self control in uncertain times
- Understand Risks and Responsibilities of Small Business Owner Directors
- Its enough to make you want to wash your mind out
- The changing face of work and how it will affect us all
- Growing a side business while working a full time job?
- Are you feeling like your life and business have been Kidnapped by the Covid-19 Virus?
