Free Wills News
Personal Finance
Thursday March 20, 2008
Q My husband and I are both in our 60s and retired. We have the majority of our money in superannuation with about $50,000 in shares. My query relates to how money left to our four children in our wills can be arranged so that tax is not incurred, or is at least lessened. I am under the impression that they will have to pay 15 per cent tax and on a large amount of money this is a considerable loss.