Estate Planning

Think about estate planning and you automatically think about your will. A current will is vital to ensuring that your estate is distributed according to your wishes, and in the most effective manner. Without a valid will you risk not providing for your beneficiaries in the way in which you envisaged.

An effective estate plan however is not just about your will. Many assets will not be distributed according to your will. Your family home (if owned jointly) is a good example. Your superannuation funds are also not an estate asset and the treatment of these funds upon death can be quite different to your other assets.

An effective estate plan will consider your overall situation and beneficiaries, special circumstances, how your estate will be funded and the taxation treatment of benefits

  • SMSFs warned on common mistakes with bare trusts

    A specialist law firm has highlighted the importance of ensuring that the bare trust has been set up correctly where SMSFs are looking to borrow money.

  • Should you be getting advice?

    From navigating market volatility to superannuation legislation changes to determining the right asset allocation, here's how financial advice can help investors optimise their portfolios.

  • Tax Office homing in property deductions, SMSFs warned

    With property deductions a big focus for the ATO this tax time, SMSFs have been warned on some of the pitfalls in this area that can land them in trouble.

  • NALI ‘not going away anytime soon’

    SMSF trustees have been urged to start reviewing any potential non-arm’s length expense issues with the outcome of any future government consultation still unclear at this stage.

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