Hannah Ryan(Australian Associated Press) Australians should talk more about death and dying so they can plan for the final stage of their lives, a group of experts is warning.A lack of acceptance, com …
While none of us like to think about our deaths, we all want to know that our assets will go to our chosen loved ones when we pass.
Estate Planning is an important way to protect your loved one’s futures, and make sure that there are no unnecessary issues when it comes to the final distribution of your assets. It provides you with peace of mind that your wishes will be followed.
Do I need Estate Planning?
Estate Planning is not just about drafting a Will, it’s about forward thinking, asset protection, and establishing structures that ensure the orderly transfer of your assets to your chosen beneficiaries in a timely and tax effective manner that complies with current state and federal legislation.
What can Estate Planning cover?
Estate Planning involves making plans for the transfer of your estate after death. This comprises all of your assets, from property and cars to retirement, investment and savings accounts, and even jewellery, clothing and artwork.
Good estate planning makes sure your estate is transferred to your beneficiaries while paying the least amount of taxes. You may also wish to assign guardians for any children who are still minors.
When we undertake your Estate Planning, we also facilitate a meeting with our legal practitioner to ensure everything is legally in order and up-to-date.
Other things to consider
Making sure that you review your Estate Planning documents from time to time is important, as any change in finances or family situation may require an update. We have extensive experience with Estate Planning for a wide range of clients with varying needs. We can help you work out what makes the most sense for you and your beneficiaries and keep your Estate Planning up-to-date as changes in your financial or personal situation occur.