Estate Planning is not just for older or wealthy people.
It is a process of arranging your financial affairs so that when you die your assets will pass to the people you want, in the way that you want, as tax effectively, simply and as quickly as possible.
For effective estate planning you need to ensure that on death;
- That your estate assets go to the people that you wish them to go to.
- That the inheritance that you leave your beneficiaries is left to them in a tax efficient and protected manner. You may also need to consider whether any of the recipients of your estate have special needs which need to be addressed including a potential bankruptcy or matrimonial property dispute.
- You need to ensure that your superannuation fund allows for enough flexibility on your death to pay out your funds in the most tax effective way at that time in the future.
Estate Planning is for anyone:
- Who has assets
- With loved ones, or
- Who is in business.
What's more, estate planning is an integral part of your full personal financial plan. Estate planning is just as important as:
- Asset protection
- Risk management
- Retirement planning.
Our Estate Planning Review Process identifies the key issues and strategies that need to be implemented. The Review Process involves Rees Pritchard Pty. Limited working with you to identify your objectives and relevant issues by meeting with you. Pritchards offers critical estate planning advice, as well as project managing the input required by your solicitor and financial planner. This ensures that your estate planning is completed.
