The great wealth transfer is taking place

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. 

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 to help the kids


Why you should never close out your mortgage 


And why it might not be a good idea to be a secondary credit card holder

Many parents and grandparents want to be able to help their children, and do so while they&rsquo;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&rsquo;s Wealth Editor Julie-anne Sprague to explain the tips, tricks and traps to helping your adult children financially.
In today&rsquo;s show we cover:&nbsp;
<ul>
<li dir="ltr">
Tax implications by gifting property to family members
</li>
<li dir="ltr">
How to know if you&rsquo;re financially secure enough to help the kids
</li>
<li dir="ltr">
Why you should never close out your mortgage&nbsp;
</li>
<li dir="ltr">
And why it might not be a good idea to be a secondary credit card holder
</li>
</ul>

Every week, The Australian's James Kirby delivers two power-packed episodes featuring in-depth analysis of property markets and smart money-making strategies.

Unlock your wealth potential with The Money Puzzle.

Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.

Get tips from leading experts and practical tools to help build lasting wealth.

Submit your questions at themoneypuzzle@theaustralian.com.au. 

Unlock your wealth potential with The Money Puzzle.
Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.
Get tips from leading experts and practical tools to help build lasting wealth.
Submit your questions at <a href="mailto:themoneypuzzle@theaustralian.com.au">themoneypuzzle@theaustralian.com.au</a>.&nbsp;

The Australian’s Money Puzzle covers all important finance and property topics.

The Money Puzzle

Unlock your wealth potential with The Money Puzzle.

Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.

Get tips from leading experts and practical tools to help build lasting wealth.

Submit your questions at themoneypuzzle@theaustralian.com.au.

Unlock your wealth potential with The Money Puzzle.
Featuring two power-packed episodes each week packed with smart money-making strategies, from superannuation to investing in shares, plus in-depth analysis of property markets.
Get tips from leading experts and practical tools to help build lasting wealth.
Submit your questions at themoneypuzzle@theaustralian.com.au.

The great wealth transfer: what you need to know before gifting money

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