Receiving an inheritance can leave you with mixed feelings. Dealing with the loss of a loved one, grief and other emotions can make it difficult to decide what to do. Sometimes during emotionally challenging times, the impact of tax and inheritance rules can be the last thing on your mind.
At such times, it can be comforting-and in your best interests-to speak with your financial adviser. You can then go through the grieving process more freely with the assurance that tax and inheritance rules won't eat into your money unnecessarily.
Depending on the types of assets you inherit and the way any money is passed on to you, there can be issues to consider and manage in order to maximise the amount you receive.
Often when a loved one dies we can be reminded about the importance of planning for our own beneficiaries and ensuring everything is as uncomplicated for them as possible.
Your Partners OHM Financial Services adviser can work with you and your accountant and lawyer to ensure you end up making the most of your inheritance, and can guide you in what you can do to ensure your loved ones are taken care of when you die.
General advice warning: This website contains information that is general in nature. It does not take into account
the objectives, financial situation or needs of any particular person.You need to consider your financial situation
and needs before making any decisions based on this information.
PRPIA Pty Ltd ABN 61 144 888 433
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Charter Financial Planning Limited ABN 35 002 976 294
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Principal Address: Level 22 / 33 Alfred Street, Sydney, NSW 2000