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Estate Planning

Let us help get your estate in order

Building, planning, and protecting what you have through insurance is only the start. The next step is ensuring your estate goes to the right people at the right time with the least amount of tax. Your estate consists of everything you own, including things like your car, home, real estate, bank accounts, investments, insurance policies, personal possessions, etc.

It is important to note that your superannuation death benefits do not form part of the estate of a deceased member. In most cases, the trustee of the superannuation fund will pay the death benefits directly to the deceased’s super beneficiaries. This is because your will only includes assets you personally own, whereas your super is held for you in a trust by your super fund trustee and governed by superannuation law.

 

How we can help? - Estate Planning & Super Death Benefits
  • We can help you identify the estate planning documents that you should have to ensure that your wishes are carried out when you pass away. We can also help you identify legal documents that will allow you to appoint some to make decisions on your behalf (both financial and medical decisions) when you cannot.
  • We can provide recommendations on ways your beneficiaries can limit the amount of tax payable on super death benefits & assets.
  • We can work with your solicitor to create the best financial plan.
Anytime a client’s circumstances change it is important to consider the impact this has on their estate plans

It is important to make updates to your estate plan:

  • If you just got married
  • If you’re moving into aged care
  • If you’re getting a divorce
  • If you’re having kids
  • If you’re purchasing a home
  • If one of your beneficiaries passes away
  • If you would like to add or remove a beneficiary
  • If you have Inherited a substantial gift or property
  • If it has been 5 years or more since you last reviewed your estate plan

 

 

Things to consider
  • Is your will up-to-date and does it reflect your wishes?
  • Have you designated beneficiaries to your super, investment, and Insurance policies?
  • How will taxes affect my Estate?
  • Are you concerned about your beneficiaries paying tax on inherited assets?
  • Do you have an Enduring Guardian and an Enduring Power of Attorney?
  • How will you split your assets among beneficiaries?
  • Are you leaving any funds to charity?
  • Who will look after your financial affairs if you’re too sick to look after them yourself?
  • Who will make life and medical decisions for you when you’re too sick to make those decisions?
  • Should I Create a Testamentary Trust?

This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.