Invalid Will negates Estate Planning

Some 'features' of an Invalid Will Estate plans negated by an Invalid Will cause untold family disruption and financial pressure on those left to tidy up after the deceased has passed. Wills have been found to be invalid for a number of reasons. The more common causes of the invalidity, include – Incorrectly signed/ witnessed (or in fact, unsigned);Witnessed by ‘inappropriate’ people; and‘incapacity’ on the part of the Testator. What [...]

By |2021-04-22T18:51:21+10:00September 20, 2013|Estate Planning|1 Comment

Letter of Wishes used in Estate Planning

Have you considered leaving a letter of wishes with your last Will and Testament? A clearly stated letter of wishes could be invaluable to the executor of your estate, particularly for those items that may not have been considered of sufficient financial value to warrant specific mention in your Will. A letter of wishes is not a substitute for a Will, need not have any formal structure, may be varied [...]

By |2020-12-10T18:32:55+10:00August 26, 2013|Estate Planning, General|0 Comments

Intergenerational Wealth Transfer

Intergenerational Wealth Transfer: an Estate Planning issue... Over the next couple of decades an intergenerational wealth transfer involving billions of dollars will pass from the ‘baby boomer’ generation to their descendants. The effectiveness of intergenerational wealth transfer will generally be measured by the tax effectiveness of the strategy resulting in the transfer of that wealth.  Some families will initiate the transfer whilst the holders of the assets are still alive. Strategies they [...]

By |2020-12-10T18:38:46+10:00August 26, 2013|Estate Planning, Wealth Management|0 Comments

Beneficiary Nomination

Beneficiary nomination clarifies entitlement Nominating beneficiaries provides guidance (or in some circumstances, direction) to a trustee (or other responsible person) charged with the task of paying a benefit arising from particular assets or instruments, as to how much and to whom those benefits should be distributed. Three key areas where the nomination of beneficiaries is important, from a wealth management perspective at least, are: life insurance policies;superannuation accounts; andEstate Planning. Monitor the nomination of [...]

By |2021-04-21T17:14:35+10:00July 16, 2013|Estate Planning|0 Comments

Estate Planning reflects in your Will

Estate planning provides assurance for dependants The adequacy of provision for your emotional and financial dependants is reflected in estate planning - and your attention to their best interests in your estate planning reflects in your Will (primarily; and may be supported by other documentation as well). What is 'a Will'? signing a Last Will and Testament document In  brief terms, a Will (more formally referred to as [...]

By |2017-07-31T15:26:19+10:00October 24, 2012|Estate Planning, Wealth Management|0 Comments
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