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Estate Planning

Your hopes to ensure a secure and practical future for your family’s well-being depend on how well you plan today.

Transferring your assets when the time comes – whether your home, your business, your investments or any financial

source – takes careful estate planning.

 

Estate planning is determining how your assets will be distributed on your death and ensures this will happen efficiently

and according to your wishes.

 

It is as much about preserving relationships as it is about the money!

 

Estate planning encompasses:

An effective Will should be designed according to your personal and financial circumstances and also take into account

non-estate assets such as superannuation death benefits.

 

What happens if I don’t have a Will?

If you die without a Will, therefore without an Executor, the court will appoint an administrator. It can take months for this

process to be completed, and there is no guarantee that your dependants will receive what you may have intended.

 

When should I review my Will?

Your Will should reflect your current circumstances and intentions. The following factors should be used as a prompt to

determine when your Will may need reviewing:

  • Marriage, separation or divorce, or entering into a new relationship.
  • Birth or death of children, grandchildren or other close relatives, or other changes in your family circumstances.
  • Significant changes to the value of your assets.
  • Substantial changes to the manner in which you own assets, including the formation of a family trust or the establishment of a
    self managed superannuation fund.
  • If you enter into a new business or change your existing business structure.
  • Changes in your residency status or of any of your intended beneficiaries.
  • Retirement from full-time employment.

 

For more information on Estate Planning, Contact us to arrange a complimentary initial interview with a Best Wealth Creation Adviser.

 

Any legal advice or drafting of estate planning documents must be performed by a legal practitioner.

Why would you choose a financial adviser from Best Wealth Creation in Townsville?

Our personalised advice includes input from a team of experts in financial planning, tax, investment, superannuation, estate planning and philanthropy based on your requirements. This comprehensive approach helps ensure we can identify the most effective way to enhance your financial circumstances. Our advice can also be supported through an ongoing relationship with Best Wealth Creation which allows you to choose the level of our ongoing participation in your financial affairs.