WARNING! If you re anExpat, yourchild can be orphanedin ......and my experience hasbeen that...
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The little known pitfalls that trap up to 90% of Australian expatriate children…even in families that already have a will! Find out why this leading Aussie expat financial adviser and qualified will writer has nominated 6 guardians for his own two year old daughter (that’s Ava in the picture) whilst living in Hong Kong. Having seen so much havoc wreaked on his own client’s estates, he decided to take matters into his own hands. Also learn the most common estate planning mistakes: Why all Australian expats should have two separate wills…each. On page 8 Why an Australian testamentary trust is the best tax planning vehicle you could leave your estate. See page 10 Why so many insurance policies are paying out to the wrong beneficiary. More on page 16 In what circumstance in Australia do children get taxed up to 66% on income from your estate. Page 11 Why so many Hong Kong lawyers just don’t realize Aussie expats are different when it comes to wills and estate planning. Further on page 9 How does your estate end up in the public domain with everyone knowing your business. Seems unlikely but true on page 12 Sliding doors ave you ever seen the movie “Sliding Doors”? How your destiny can change in a split second by what you do next. Well this is a true story that actually happened to me. Christmas Day 2004 my wife and I were booked to fly to Phuket, Thailand for our annual holiday. As fate would have it, my employment visa had expired without me knowing and we weren’t allowed to leave Hong Kong. Too embarrassed to tell friends or go home, we booked into a hotel for 4 nights and turned off our mobile phones. H WARNING! If you’re an Expat, your child can be orphaned in Hong Kong (Read more about this on page 8) By Todd Pallett Author of “The Wealthy Aussie Expat” This is my daughter Ava
Transcript of WARNING! If you re anExpat, yourchild can be orphanedin ......and my experience hasbeen that...
