Proper Estate Planning ensures that your estate goes to those that you care about.
Every year, Australian taxpayers voluntarily pay the government millions of dollars in ‘death taxes’ such as: Capital Gains Tax, Stamp Duty, Income tax and up to 32% in non-dependency Superannuation tax*
3-Generation Testamentary Trust – reduces CGT & stamp duty
Superannuation Testamentary Trust – reduces the 17 per cent or 32 per cent tax on Super going to adult children
Bankruptcy Trusts – if a beneficiary is bankrupt
Divorce Protection Trust – if a child separates, it stops the Family Court taking your money
The Enduring Power of Attorney – Medical Treatment allows you to appoint loved ones*. If you lose mental capacity,then they decide your personal lifestyle, where you live; and medical treatment.
Maintenance Trust – if a beneficiary is under 18 or vulnerable
Enduring Power of Attorney – an Enduring Power of Attorney (POA) is a legal document. It allows you to appoint a person/s to make decisions about your assets. The POA deals with your assets, e.g. real estate and bank accounts.
Enduring Power of Attorney - Medical Treatment – is also a legal document, and while your Enduring POA looks after money, property and wealth, your Enduring Power of Attorney - Medical Treatment deals with your body. Who looks after you, when you can’t?
General Advice Warning: General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include our FSG and Product Disclosure Statements (PDS) for some products.
AMA Services Pty Ltd t/as AMA Financial Services is an Authorized Representative of Consultum Financial Advisers Pty Ltd. ABN 65 006 373 995 I AFSL 230323
Source: Adjunct Professor Dr Brett Davies - www.legalconsolidated.com.au In preparing this information AMA Financial Services are not providing advice. It has been prepared without taking into account your personal objectives, financial situation or needs. Accordingly it is important that you read the Product Disclosure Statement (PDS) of the actual provider carefully, and ensure that the PDS and the exclusions are appropriate for your business and personal needs.