In its most simple form, estate planning is all about peace of mind. It's about making sure that your assets are distributed to your beneficiaries according to your wishes.

With family structures becoming more fluid, estate planning has become more important in recent times – and often involves much more than just a simple Will.

Family trusts, payouts of superannuation balances and the tax implications for beneficiaries can all be managed with a careful estate plan. Seeking advice from your financial planner is a crucial step in developing a proper estate plan.

Developing a proper estate plan will ensure that:

  • the tax payable is minimised on the income and capital gains earned on assets
  • ownership and control of your assets passes to your intended beneficiaries
  • your assets may be protected if the beneficiary is involved in any legal difficulties (for example, divorce or bankruptcy).

A sound estate plan can assist in avoiding possible difficulties and disagreements for your beneficiaries.

To find out more about estate planning, call 1300 LONSDALE (1300 566 732).

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