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?