Estate Planning is about more than just preparing a valid Will. It's about making sure your family is provided for and that your assets go where you want them to after you die.
A good estate plan will:
- Ensure that the ownership and control of your assets passes to your intended beneficiaries
- Minimise tax being imposed on the income and capital gains earned on those assets
- Protect those assets should a beneficiary be involved in any legal difficulties
Essentially, a good estate plan can provide you with peace of mind and minimise potential complications for your beneficiaries.
Take a moment to consider the following questions:
- Do you have a valid Will?
- Has it been reviewed since you put it in place?
- Do you know how much money your family would need if you were to die or become totally and permanently disabled?
- Is your income protected?
- Are the protection measures you have in place sufficient for your family's needs?
- Have you appointed someone to look after your affairs if you die or become incapacitated?
- If you are a business owner, have you planned for the future of your business if something happens to you?
If the answer is no to any of these questions, then perhaps it is time to hear some financial advice you really need.
If you would like to learn more about Estate Planning, call 03 6233 0651 to make an appointment with one of our highly qualified Financial Planners.