The great wealth transfer: what you need to know before gifting money
Many parents and grandparents want to be able to help their children, and do so while they’re alive rather than leaving a large inheritance. But there are tax implications and gifting rules to be mindful of.
In this episode, co-founder and head of financial advice at Leeuwin Wealth Jason Featherby sits down with The Australian’s Wealth Editor Julie-anne Sprague to explain the tips, tricks and traps to helping your adult children financially.
In today’s show we cover:
Tax implications by gifting property to family members
How to know if you’re financially secure enough…
The skinny
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