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One of the benefits in investing in Australian listed shares, are the franking credits that form part of their dividend income and create a tax effective income stream. Check out the handy infographic to help understand how these work.
Global research tells us that wealthy families would prefer to pass nearly two-thirds of their wealth to their children, grandchildren and others. But while they may have the desire to build their legacy by passing on their wealth, many families grapple with a fundamental question: Can our wealth benefit our generation and be passed on to future generations without it becoming a burden?