Estate Planning

An important part of the financial planning process is to ensure that the assets accumulated during your lifetime are distributed in accordance with their wishes upon their death.

A common misconception is that the assets of an estate will automatically pass to a spouse or family on death. However the following assets, which can be of substantial monetary value, may not necessarily form part of a person's estate:

  • The family home (if owned as joint tenants, it automatically passes to the remaining joint tenant);
  • An individual's superannuation entitlement (e.g. a person's death benefit); and
  • The proceeds of life insurance policies (depending on ownership).

Without an appropriate record of how you intend to distribute your assets, there is the risk that intended beneficiaries, may receive little, or none, of your estate. Estate planning is a complex area and appropriate professional advice should therefore be obtained before making any decisions in this area.

Documents to consider with your solicitor:

  • Wills
  • Power of Attorney
  • Enduring Power of Attorney

To discuss your Estate Planning requirements please contact us directly on (02) 8860 9455 or  EMAIL.

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