Estate Planning

Make sure that your hard earned wealth ends up in the right hands at the right time and in the right way.

– Tax effective Estate Planning using a Self Managed Super Fund.

It’s more than just a will.

Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney specifically the durable financial power of attorney and the durable medical power of attorney.A living will and a durable power of attorney for healthcare can ensure that healthcare decisions will stay in the hands of trusted people that you choose.

There are two components to a living will. The first is a written statement you make directly to medical personnel that details the type of care you want (or don’t want) if you become incapacitated. You can use this statement to say as much or as little as you wish about the kind of healthcare you want to receive.

The second is a document called the power of attorney. This document appoints someone you trust to see that doctors and other healthcare providers give you the type of care you wish to receive. The person who has this power of attorney may be your spouse or partner, relative or close friend.

Allocate your wealth using a self managed super fund.

We have sophisticated software that will assisit in calculating the right Allocation to be paid to the nominated beneficiary to maximise the tax effective income.

Appoint the correct person to represent you.

Keep in mind that this person may have to fight to assert your wishes in the face of a stubborn medical establishment, and against the wishes of family members who may be driven by their own beliefs and interests, rather than yours. If you foresee the possibility of conflict in enforcing your wishes, be sure to choose someone who is strong willed and assertive.

The proximity of the person with your power of attorney can be critical. If you have a long illness this person may be called upon to spend weeks or even months nearby, making sure medical personnel abide by your wishes for healthcare.

Transfer your wealth to your grandchildren and pay their education fees by using a Family Super Fund.

Many families now invite their children and grandchildren who are over eighteen years of age to become trustees and members of the family super fund. Ask our advisers why this is so attractive from an Estate Planning perspective

Let's Chat