More than just a Will, an estate plan also takes into account your superannuation and powers of attorney as well as assets held solely in your name or jointly with others, or assets held in private companies or trusts.
If you own anything or have people who rely on you it is a good idea to have an Estate Plan. The more complicated your personal and financial affairs, the more important it is. You should also review your Estate Plan at least once every three years and whenever your circumstances change, such as:
- getting married, living with a partner, separating or getting divorced,
- when you have children or step-children,
- buying real estate or other valuable assets,
- buying, selling or operating a business,
- if you have superannuation (most people are unaware that your super is not covered by your will),
- if you have family members with special needs or children who are vulnerable,
- if you set up a family trust or company,
- if you are unable to make decisions, financial or otherwise, on your own behalf.
We help set in place the right estate planning structures and documentation for smooth transition and tax-effective transfer of assets.