The Holistic Accountant
A holistic accountant goes beyond tax returns, aiming to offer proactive advice to maximise clients' wealth after all taxes. Stuart Wemyss and Mena Abraham explore multifaceted considerations weekly, highlighting the need for a holistic approach. Each episode is succinct and to the point with no fluff or sales pitches. For further details, check out www.prosolution.com.au.
The Holistic Accountant
Considerations When Making a Living Inheritance
Traditional estate planning can be complicated, with legal disputes and tax burdens creating hurdles for beneficiaries. In this episode, Stuart and Mena explore an alternative—giving a living inheritance—and the financial strategies that make it a powerful tool for wealth transfer.
They discuss how a living inheritance allows beneficiaries to receive financial support when they need it most, such as buying a home, starting a business, or raising children. They also cover tax optimization strategies, including capital gains tax (CGT) planning and superannuation benefits, ensuring that wealth is transferred efficiently.
With structured gifting, trusts, and asset protection strategies, a living inheritance can safeguard family wealth across generations while allowing you to witness the impact of your generosity. Whether you're planning for your children's future or looking to optimize your estate, this episode provides essential insights into making the right financial moves.
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.
