Estate Planning

And Distribution of Assets

Estate planning is about ensuring your assets are distributed as per your wishes and in the most tax-effective way.

A comprehensive estate plan includes the following documents:

  • Wills
  • Enduring Power of Attorney
  • Testamentary Trust  (for minor children)
  • Nomination of a Guardian
  • Superannuation Binding Nomination

Estate planning is a complicated area and requires professional advice from your financial adviser and solicitor.

At the very least, you should have a Will and preferably drafted by a solicitor. If you die without a Will, your assets are distributed according to Intestacy laws (which are different for each state and territory in Australia). And this could have unintended consequences.

This is especially relevant if you are on your 2nd marriage (or domestic relationship of more than 2 years or one that has resulted in a child) and have children from a previous relationship.

If you would like more information on Estate Planning and a cautionary case study, contact Prudentia Financial Planning for a complimentary first consultation.

Prudentia Financial Planning Pty Ltd is a Corporate Authorised Representative (No. 400165) of MyPlanner Professional Services Pty Ltd AFSL 425542

Financial Advice Sydney and the North Shore Office based in Gordon NSW

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