What is a Power of Attorney? Just as having a Will ensures assets are managed properly when you die, a Power of Attorney allows someone else to look after your finances when you’re unable to. Phillip Richards, Director of Endorphin Wealth Management explains more about what’s involved in having a Power of Attorney and why you’d be wise to have one, just in case. What is a Power of Attorney? There are different types of Powers of Attorney you …
Getting in shape to start your own business Many of us dream of starting our own business, but to most it remains just that, a dream. We fantasise about what “being our own boss” would be like, after another run-in with the boss at work, or just the tedium of being in the same job, year-in, year-out, and starting to loathe every minute of it. To turn your dream into reality, there is much preparation …
So you’re… starting a family Starting a family will bring you plenty of joy, but it will also create many challenges. In addition to possible sleepless nights and changes in your lifestyle, it could also affect you financially. First, there are the costs of raising a child. Research published by the Australian Institute of Family studies in April found the minimum weekly cost of one child in unemployed and low-income families ranges from $140 to $170 a …
How can I prepare my finances for having a family? (Video) Louise Lakomy CFP® Louise has a wide range of experience and depth of knowledge in all facets of financial planning providing advice over 15 years specialising in retirement strategies. As part of the Financial Planning Association’s Ask a Planner video series, Louise Lakomy CFP® answers the commonly asked question, “What can I do financially to prepare for having a family?” If you have …
Estate planning and why you need a super plan When it comes to passing-on your super money, you need to put specific plans in place so the right people end up with it when the time comes. You’d probably rather be doing something other than thinking about your own mortality. But because your super can become a significant amount of money, you’ll want to make sure it goes to the right people when you die. …
Distributing your assets What is estate planning? Estate planning is about wealth succession – a way to help protect the wealth you have built over your lifetime, so that it is distributed according to your wishes following your death…. Read More>>> Download the free PDF file
Estate planning When you’ve worked hard to get where you are, you want to make sure that you and your family can enjoy the benefits. But if the unforeseen happens, how do you ensure your family are well looked after and that your assets are handed down according to your wishes? Common questions to consider Some questions you may wish to consider include: What is estate planning? Is estate planning just about making a Will? …
Business solutions Businesses don’t plan to fail; they fail to plan. Becoming your own boss is an exciting journey, but it pays to plan ahead to make sure it’s a success. We can help you get there. Common questions to consider What do I need to think about when starting a new business? What is a small business financial plan? Where should I go to seek advice? Should I insure my business? What are …
