Downsizing in Australia - Mark O'Shea | Page 38

DOWNSIZING IN AUSTRALIA the age-old question: ‘Do I have to pay any tax?’ This is where a qualified expert in this field will be able to give you the advice you require. Legal documentation is probably the most important part of the downsizing process. A qualified expert in property and estate planning can save you tens of thousands of dollars right here. Too many times I have seen clients hire legal representatives that have no real expertise in the process and how to guide their client through such a major decision in their life. This lack of understanding leads to enormous amounts of stress and pressure. Consider Mary’s situation, which fortunately had a happy outcome. 038