18 July 2023

Ask the questions: Financial Advice

Securing your financial future requires planning and not leaving to chance.

Don't hesitate to ask your financial planner these questions, because asking the rights questions will ensure that you receive tailored solutions.

Make informed decisions with confidence, clarity and control about your financial future for generations to come.

>> Strategic estate planning

Planning for the distribution of your assets and the protection of your loved ones is a critical aspect of financial management.

When discussing with your financial planner or advisor, consider asking the following:

(1) What should be included exactly in my estate plan to ensure comprehensive protection?

(2) How can I establish wills, enduring guardianships, and testamentary trusts to safeguard my assets and loved ones?

(3) Are binding financial agreements necessary and how are they incorporated into my estate planning?

>> Intergeneration Advice & Management

Transferring what you have built, your experience and knowledge between generations can be an important consideration for some. 

When discussing with your financial planner or advisor, consider asking the following:

(1) What strategies can be implemented to facilitate a smooth transfer to my family?

(2) How can I ensure that my family’s financial values and goals are preserved and communicated effectively?

(3) Are there any legal or tax implications that I should be aware of?

>> Inheritance Advice & Management

Receiving an inheritance can be complex, challenging and also bring opportunities.

When discussing with your financial planner or advisor, consider asking the following:

(1) How can I effectively manage and maximise the value of this inheritance?

(2) What tax considerations should I be aware of?

(3) Are there any strategies to diversify or protect inherited assets that would align with my own long-term goals and values?

Let’s chat if you need help with these questions or tailored solutions to make informed decisions to protect you and generations to come.  


Phil Hall, Head of Financial Planning, Adviser

Freedom = Travel and Beach Time

Phil is an experienced planner who enjoys working with clients to meet their financial goals now and into the future. Having previously been a teacher, Phil educates and guides clients; enabling them to make informed decisions to build, protect and manage wealth through a broad range of financial strategies.

Phil grew up in Hobart, but has worked and travelled overseas and interstate prior to returning and settling in Tasmania. He commenced working in the Financial Services industry in 2002 and has completed a Masters of Financial Planning, Bachelor of Education (Honours), and several specialist courses in ASX listed products, SMSF, margin lending and is a Certified Financial Planner®. Phil enjoys travel, getting outdoors and spending time at the beach with his family. LinkedIn

Masters of Financial Planning, Bachelor of Education (Honours), CFP®.