Ezra Legal – FREE Guide to Wills and Estates
Planning your estate is one of the smartest and kindest things you can do to protect your loved ones and support their future. To help you, we’ve prepared a FREE Guide to Wills and Estates.
FREE Guide to Wills and Estates
For most of us, death is not something we like to talk about. And as a result, too many South Australians die each year without a will, or die with an out-of-date will that doesn’t reflect their wishes.
If you have been thinking about the administration of your estate, writing your will, reviewing your superannuation death benefit nomination, setting up a testamentary trust, or any of the other actions that you need to take to finalise your estate plan, but have struggled to take the first step, this free Guide will provide general information that will help you to make informed decisions along the way.
Key estate planning considerations
An effective estate plan should:
- Give you certainty as to how your assets will be managed if you are incapacitated and unable to look after your own affairs;
- Establish how and when it’s best to distribute assets to your loved ones;
- Cater for the current and future needs of your beneficiaries;
- Protect your assets so that they pass to the right beneficiaries at the right time;
- Allow your beneficiaries to legally reduce capital gains liabilities on assets and reduce or eliminate tax on income generated from their inheritance;
- Allow you to minimise or avoid death benefits tax (which can be as high as 32 per cent) when distributing your superannuation benefits;
- Protect your beneficiaries’ inheritance in the event of divorce or bankruptcy;
- Guard against undue waste and extravagance due to spendthrift tendencies, age, mental health, drug addictions, gambling or other vulnerabilities of a beneficiary;
- Distribute your assets to your intended beneficiaries, not to an in-law or former spouse, for example.
To get a copy of your Free Guide send your contact details via the following link:
Free Guide to Wills and Estates
It is important to take professional advice before making any decision relating to your personal assets and finances. Information within this Guide is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored estate planning advice and is for guidance only.
For more information and tailored, expert advice, ask to speak to one of our Estate Lawyers at Ezra Legal on (08) 8231 6100 or email admin@ezralegal.com.au
For other succession-planning insights, head to:
- Succession Bill Update
- Binding Death Benefits
- Things to think about before your wills appointment
- Free Guide to Testamentary Trust
Practice Manager
Ezra Legal
