Genders and Partners

GST likely to rise – I told you so

GST likely to rise – I told you so

On 20th July 2015 South Australian premier Jay Weatherill provided conditional support for the call from New South Wales Premier Mike Baird for GST to be increased to 15 per cent.

The increasing cost of healthcare in the context of an ageing population, is a precipitating factor in this debate. The substantially reduced tax collections from mining revenues and the overall depressed economy, especially in South Australia, are critical elements.

Details
Genders and Partners

The Rise of Challenges to Deceased Estates from Blended Families

The Rise of Challenges to Deceased Estates from Blended Families

Love is lovelier, the second time around…” So says the beautiful old song. But the joy of finding love again and creating another family can quickly fade when the realities & pressures of the varying relationships are revealed. Multiple relationships equals multiple potential points of failure. Blended families can face complex estate-planning challenges, and issues can arise between spouses or between children and their spouses.

Over 70 percent of remarriages where children are involved result in divorce after less than six years. Add death and grief to the equation, and you can understand why challenges to deceased estates occur.

Details