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.
Modern medicine is helping us live longer life spans than ever before, but a good portion of the ageing population needs assistance from family members or other caregivers as time goes on. This dependency, coupled with the older person’s declining physical or mental state, unfortunately creates favourable conditions for a caregiver to manipulate the estate planning process for his or her own benefit. This is called undue influence, and when you consult with Genders & Partners for Wills & estate planning in Adelaide, we will do everything in our power to protect you from those who do not have your best interests at heart.
It’s a great feeling to finally complete your estate plan and know that you, your family and your assets are protected. After completing this important and necessary task with the help of your Wills & estate planning lawyer in Adelaide, you can get on with enjoying your life rather than contemplating your mortality. However, there’s one more step you need to take to ensure that your beneficiaries receive what is rightfully theirs without any hassle: You must properly store the original Will and inform the right people of its location. This simple task ensures that when the time comes, your executors can get to work doing their job of carrying out your wishes as quickly and efficiently as possible.