Navigating Financial Complications #trusts

When it comes to distributing money to beneficiaries, there are important factors to consider to avoid complications. You need to be cautious about who you send the money to, as it can impact their eligibility for benefits like Centrelink or family tax benefits. This can have long-term consequences for their financial future. Additionally, there are compliance requirements such as filing a tax return, which can be costly depending on the complexity of the distribution. It's crucial to seek guidance from professionals to navigate these issues effectively. #financialplanning #beneficiaries #taxreturn #shorts
Advice Disclaimer || Any advice given by the presenter/s has been prepared without considering your individual objectives, financial situation or needs. So, before you act on the advice you should think about whether the advice suits your objectives, financial situation or needs. If the advice relates to acquiring a financial product you should obtain a copy of the Product Disclosure Statement for that product and consider it before making a decision. This presentation has been prepared by Consortium Private Wealth Pty Ltd (ABN 74 616 250 965) (AFSL 495401). If you require advice which takes into account your objectives, financial situation and needs you should speak to a financial adviser.

Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Olivia Glare (ASIC Reg 1262290), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.