
Inheriting money or a life insurance benefit is an emotional whirlwind. It arrives as a profound gift from someone you love but have now lost, often bringing with it sadness and reflection. Simultaneously, it plunges you into an entirely new financial scenario that might even be life-changing. It can be both a blessing and a challenge.
ActOn Wealth Melbourne financial advisors understand that an inheritance is more than a number—it's a legacy, a final loving gesture, and a financial duty that must be carefully considered. Whether you’ve recently received an inheritance or you anticipate a significant future bequest, planning is not just advisable; it’s crucial. We can achieve an outcome that both honours your loved one and prioritises your future potential.
Call us today for compassionate, expert inheritance management and an obligation-free consultation.
Whilst you don’t owe tax on your inheritance per se, securities and death benefits from real estate or superannuation funds can raise all manner of complications, complexities and obligations with the ATO. As the saying goes, ignorance is no defence. Our financial planners can help you minimise payouts and maximise your inherited wealth.
Your loved one worked hard to leave this gift—we can help you protect it.
Our financial advisors take time to get to know you, your situation, and your life/ financial goals. From this, we develop a unique financial plan bespoke to you. It might very well recommend you pay off debt, take out risk protection insurance and perhaps consider your own estate plan so this generous legacy continues to give for others.
However, some stand-out financial services will prove immediately beneficial to you, including:
Diversification is paramount to creating wealth, regardless of your circumstances or background. Spreading your assets across savings, property investments, managed funds, stocks, and shares forms the backbone of sustainable wealth creation strategies.
Our tax accountant specialists can advise on your immediate and ongoing obligations and considerations. We’ll ensure you comply with all rules and regulations whilst doing everything to protect your wealth and minimise your liabilities.
Setting up charitable donations or even trusts can be a savvy way to reduce your tax commitments. It’s also continuing the goodwill—what goes around, comes around!
Superannuation can be a safe place to care for and grow some of your inheritance, so topping up your super fund could be advantageous. However, there are limitations. We can walk you through all the pros and cons.
Our Melbourne financial advisors specialise in guiding you through this deeply personal transition with compassion, care, and expertise. We understand this can be a tumultuous experience, so whilst we offer specialist objective financial advice, we remain considerate and respectful of the circumstances. You can rely on us for:
Make your loved one proud, and turn this legacy into a sustainable gift that grows for you and other family members. Speak to our expert financial advisors today about safeguarding and strengthening your inheritance.
Call us for financial planning inheritance advice that will make a difference—now and for years to come.
Whilst tax is not imposed on your inheritance per se, you are liable to pay tax on any income or dividends generated from inheriting property or dividends in Australia. Speak to an ActOn Wealth financial planner and find out details specific to your scenario.
How to manage an inheritance can be fraught with emotion and confusion. But it need not be, with the right expert advice. ActOn Wealth financial planners can advise you on everything from taking time out to think this through with a clear head, to diversifying your investments, paying off debt, boosting your superannuation, making your own estate plan and more.
Yes. A financial advisor can provide you with objective, focused advice on how to manage inheritance money. This can prove particularly valuable if you’re struggling to deal with the emotional side of things and want clear-cut thinking and solutions.
ActOn Wealth financial advisors are experts in wealth creation, risk management insurance, retirement planning, estate planning and more. We can provide tailored, holistic, and professional advice designed to safeguard your inheritance and grow your finances.
Yes, receiving an inheritance or life insurance benefit can affect your Centrelink benefits. We recommend you contact our advisors for information specific to your financial situation. Speak to an ActOn Wealth financial adviser and find out more.
Whilst you can roll some of your inheritance into your super, there are limits. We recommend speaking to our ActOn Wealth financial planners for tailored information.
Both selling and keeping an inherited property come with pros and cons and depend on the specific circumstances. For instance, did the person bequesting the property own it outright, or is there still a mortgage? Was the property their primary place of residence or an investment? ActOn Wealth financial planners can provide you with tailored advice.
It is important to realise that paying attention to financial matters shortly after the death of a loved one is not a sign that you are not—or cannot—grieve. It is an unfortunate but necessary part of life. Don’t be afraid to ask for help, whether it’s from a friend, family member or professional therapist.
Remember, grief cannot be solved and worked around in the same way as a financial plan. These are two entirely separate matters, so please don’t put unnecessary pressure on yourself.