Beneficiaries beware

Article Abstract:

Same-sex couples in Australia have great opportunities for accumulating wealth, but in estate planning things are complicated as they are especially vulnerable to superannuation, or retirement, death benefit trustees over-riding the beneficiary choice. The laws specify appropriate beneficiaries for distribution with payments free of tax. They can be a spouse, children under 18, and any financial dependents, which might be an ex-spouse, parents, or siblings. A de facto, common-law, heterosexual spouse is acceptable under the law for tax-free distribution, while a same-sex partner is not. Financial dependency and its standing depends on the stand the courts are taking at any given time. Few financial planners specialize in services for gay/lesbian couples. Lawyers suggest an agreement like a pre-nuptual agreement.

Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Other Justice, Public Order, and Safety Activities, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Retirement Benefits, Old Age & Survivors Insurance, Equal Protection-Other, Homosexuals, Laws, regulations and rules, Equal protection, Beneficiaries, Gay couples, Survivors' benefits

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In the money

Article Abstract:

Three Australian professional traders with different approaches start with portfolios of $100,000 each. Over a 12-month period, using equities-trading and perhaps short-selling they compete. One seeks fundamentals and is up $2920 after a month, being only 40% invested while waiting for half-yearly reports and saying any individual can follow this plan. Another uses a technical approach, with the help of software from ShareFinder, of which he is managing director, and is up $325. A third, a short-seller, is a trend-follower and is up $955. Portfolios shown in tables.

Prepackaged software, Investment advice, Securities Investment Advice, Planning, Computer software industry, Software industry, Software, Product information, Securities industry, Investment advisers, Personal finance software

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