News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV154: Tax and Accounting issues in Inheritance planning

·19 min·1 clip
Chris Reid clarifies that if you gift money to a child, that asset becomes theirs completely, exposing it to risks like divorce or bankruptcy.
This episode of the BCG News and Views podcast explores the tax, accounting, and legal considerations in inheritance planning. Hosts Sarah Power and Chris Reid discuss practical issues like gifting versus lending money to children, protecting family wealth, and maintaining proper records, featuring an interview with family lawyer Catherine about legal protections.

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A practical look at the tax, accounting, and legal issues that can surface in inheritance planning.

Episode 154 treats inheritance planning as a practical problem, especially where loans, gifts, and property settlements start to overlap. Sarah Power and Chris Reid move through the tax and accounting angles, then bring in Catherine from Nicholls Family Lawyers to cover the…

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Sort the family money before it turns into a dispute.

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