Debra Cleveland
Smart Money Editor at Australian Financial Review
Smart Money editor, AFR. Mad swimmer, best meditation in the world. Big believer in smart money decisions giving you freedom and better choices.
Articles
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Dec 13, 2023 |
afr.com | Debra Cleveland
The best way to ensure the money spent is repaid upon the mother’s death is by setting up a loan agreement between the two of them, says Michael Crowe, national manager of estate planning at Equity Trustees. “On the mother’s death, the executor, when administering the estate, is required to repay any outstanding debts,” he adds.
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Nov 7, 2023 |
afr.com | Debra Cleveland
If you can help out without borrowing funds yourself, you may wish to structure and document a loan agreement – even interest-free if you can afford it – for the child to repay it, Goodwin says. “It will provide good financial discipline for the child as well as show the other two children that you are not playing favourites, and it is a financial transaction,” she adds.
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Sep 21, 2023 |
afr.com | Debra Cleveland
It’s been a winner on many levels: more time together, a cheaper home plus (and this was a surprise win) easier access to live music and other arts events. “In Berry we’re a 20-minute drive to the beach and while my daughter used to go to the south coast for the weekend, now she comes to us,” my friend says. “A pool makes it a bigger drawcard.
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Jun 16, 2022 |
afr.com | Debra Cleveland
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Nov 29, 2021 |
afr.com | Debra Cleveland
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