Our Services

text size :

 

Estate planning is a process which ensures that your property, money and other assets are distributed according to your wishes after your death.

Estate planning is a three-step procedure:

  1. Review your current financial situation
  2. Decide what you want for your intended beneficiaries in the event of your death
  3. Implement the appropriate arrangements to realise your wishes

Effective estate planning can help minimise potential tax consequences for your loved ones.

The cornerstone of estate planning is a watertight will that formally sets out how to divide your superannuation, property and assets among your dependants and relations.

A well-constructed estate plan is much more than just making a will. It may include the following:

  • Appointing a power of attorney - one person or a group of people your trust to look after your financial and business affairs
  • Establishing a discretionary or family trust to protect your wealth
  • Establishing a testamentary trust to reduce your family's tax liability after the main breadwinner's death
  • Appointing a trustee and/or executor to carry out your wishes as per your will

This information is general information only. You should consider the appropriateness of this information with regards to your objectives, financial situation and needs.