There are important benefits associated with having a will and an estate plan, yet it is estimated that more than half of all Australian’s will die without a will. Without a will or estate plan in place your estate may be subject to litigation or you could leave tax complications for your beneficiaries.
A will is important, but it only covers personal assets. An estate plan includes your will, while also clarifying how matters including superannuation and other assets such as those held within companies, trusts or business entities are to be distributed to your beneficiaries.
How your assets are structured could be the difference between enhancing the lives of those you love with additional wealth or burdening them with legal and tax implications that could adversely impact their financial wellbeing.
Discussing your wishes can be emotionally difficult, and we are accustomed to addressing these discussions with sensitivity, while clearly outlining the steps involved to protect the legacy you wish to leave to your beneficiaries.
How we help
We create business succession and retirement strategies (often in collaboration with your accountant). This may include recommendations for drawing regular income from the business, contributing to superannuation, restructuring business loans, through to taking advantage of opportunities that are available through SMSF such as investing in quality shares or purchasing property to build assets, generate income and grow your retirement savings balance.