Executor of an estate and first home buyer trade-offs – Q&A
Australian Finance Podcast
Testamentary trusts and child beneficiaries
Gemma and Owen discuss testamentary trusts, tax and asset protection for minors, and appointing guardians or trustees.
In this Friday Q&A episode of The Australian Finance Podcast, Owen Rask and Gemma Mitchell tackle some of the bigger, more complex money questions that tend to show up in mid-life and major transitions.
We cover what it really means to be an executor of an estate, how to think through first home and property decisions as a couple, and how investors at different stages can make more confident choices without feeling out of their depth.
Owen and Gemma cover:
- Where to start when you’re named executor of an estate, what your responsibilities actually are, whether there’s a government checklist, and when to involve lawyers and other professionals
- The pros and cons of keeping an existing apartment as an investment versus selling it to reduce debt on a new home, including tax considerations over the next few years
- Where to seek personal advice on property, tax and structuring decisions when things move beyond general education
- How to make a meaningful financial contribution in a relationship where one partner has significantly more investing experience, and how confidence, behaviour and consistency often matter more than technical knowledge
- ETF investing considerations for someone mortgage-free in their mid-50s with a 10–20 year time horizon, medium-high risk tolerance, and high marginal tax on cash savings
If you enjoyed this episode of The Australian Finance Podcast, make sure you hit follow on Apple Podcasts, Spotify, YouTube, or wherever you listen.And if you’ve got a money question you’d like us to unpack in a future Q&A, send it through using the link in the show notes.
Resources for this episode
- Buy Gemma’s book The Money Reset
- Ask a question (select the Finance podcast)
Show partner resources
- Join Pearler using code “RASK” for $15 of Pearler Credit
- Get 50% off your first two months using PocketSmith
- View Betashares range of funds
Rask resources
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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