Inspirational Case Studies
Double Dipping
Jenny and Bruce have just received an inheritance of $80,000 in shares and $120,000 in cash from Jenny's father's deceased estate.
They have two children and own their own home with a mortgage of $150,000. Jenny earns $80,000p.a. as a pharmacist and Bruce works as a vet earning $75,000p.a.
Jenny does not have any interest in the share market, and her bank has suggested she sell the shares and invest $200,000 in term deposits at the bank.
Some factors Jenny should consider:
• The taxation implications on selling the shares.
• Tax treatment of interest income versus dividend income.
• The advantages of repaying the mortgage early.
• Borrowing to invest in the name of the highest tax payer.
• Family law implications on marital assets.
In this case we would suggest to Jenny and Bruce a number of options to enhance their own joint wealth position and preserve the purchasing power of the inheritance.
Contact Seagrims on 1800 818 933
if you would like a confidential appointment
to review strategies for your inheritance.
