When it comes to estate planning, many people overlook their superannuation. This is risky, because superannuation does not necessarily form part of your estate. This means that your regular legal will may not address what happens to your super when you no longer need it.
the mathematics underpinning life insurance has a lot in common with betting on horse racing. Because of this, most punters and most life insurance policyholders ‘do their dough.’ That said, life insurance is a bet you hope you lose - which makes it very different to backing a slow horse.
At some stage, most of us will be asked to lend money to family or friends. Usually, we are only too happy to help. After all, what are family and friends for if not to help each other out. That said, mixing money and relationships can be problematic. In this article, we discuss various ways to minimise the risk of the loan going wrong and a relationship suffering.