Estate Planning
Estate planning is the process of ensuring that your wealth is directed according to your wishes after you die. Making sure your wealth goes where you want it to is not just a simple matter of preparing a will – although a will is almost always a key part of your estate planning. You also need to consider things such as your superannuation benefits, family businesses, assets owned by legal entities such as family trusts as well as assets owned as joint tenants, etc.
It is also vital that your estate planning be consistent with your current financial planning, to ensure that your affairs are handled as efficiently and cost-effectively as possible, both now and in the future.
Relevant Articles...
The Family Home and Residential Aged Care
To Keep or not to Keep?
Keeping the family home when you move into aged care is well worth considering.
Helping immigrant parents buy homes
Australia has one of the highest immigrant populations in the world. Unsurprisingly, people who come to Australia often like to bring family members with them. Here is a simple way in which different generations of the same family can help each other into the property market.
What happens to your super when you don’t need it any more?
Superannuation benefits are not automatically subject to your will. That means the trustees may not send the money where you want it to go when you die. But there is a solution! Read on.