Estate planning is important to you, your family and anyone you would like to nominate as a beneficiary.
Arranging your affairs now can ensure that there is a clear and tax effective distribution of your estate after your death.
You need to have the right structures in place to effectively manage complex business, legal, family investment and tax situations, and these require careful and considered planning. Estate planning is an ongoing process that should begin when you have a significant asset base. With families becoming increasingly more complex, estate planning has become even more important. This includes drawing up a will, establishing family trusts, nominating legal executors and so on. Developing an effective estate plan will ensure that:
- Tax payable is minimised
- The ownership of assets passes to the right heirs
- Assets are protected in any beneficiary needs to defend claims against your estate