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in this country , you have to pay gift tax or money over $10,000 per annum gifted to children
you are better off putting it in a pension superannuation scheme and making monthly withdrawals to pay debts for the children
centerlink have a financial adviser in office for financial advice or contact a financial adviser service preferably not the banks but an industry super fund adviser
here a single person on a pension gets more than either of the partners individually
any superannuation is paid into the estate and she is allowed to draw a monthly amount so that it doesn't affect the pension or she can draw the lot
If you are looking for funds for your business, merchant cash advance is what you can go ahead with. Within a few days of submitting the merchant cash advance, your business will be getting funds.
Talking of defaulting merchant cash advance, what can come up as a result depends upon the agreement that you share with the cash advancing company. But in this scenario, you are likely to face a default with interest being charged upon the amount the debt and you can even be sued by the agency owing the money in a civil court.
Hence it is suggested to clear your loans at the earliest to avoid extra payment on the basis of 'loan interest' as well as unwanted legal hardship. By using prominent financial lending service like Capital Float, you'll receive enough time and ways to clear out the merchant cash advance to avoid being into defaulter list.
It depends entirely where you are, which you have kept secret.
Where I am, the Govt counts all money invested anywhere, all property and assets owned, such as investment properties you own (but not your own home where you live yourself), value of your car, value of the contents of your own home, like the furniture, and some of the value of any superannuation fund you may have.
Then there is a separate test and cut-off here for any income you get from all sources, so look out for that where you are.
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ring them on the phone and ask
any outstanding monies and entitlement should be paid into his estate the same as any pension, superannuation or insurances
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