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