Fifty percent of Australians die without a Will.1
A Will is the cornerstone of an estate plan. It is a legal document that specifies how you would like your assets managed and distributed once you are gone.
Having a valid and up-to-date Will is essential, especially if you have complex needs such as providing for a second spouse, a blended family or a loved one with special needs.
Without a Will, you will die ‘intestate’ and your assets will be distributed according to a strict government formula, which varies from state to state, may be complex and time-consuming, and may not be in line with your wishes.
1. Source: moneysmart.gov.au, 2016
In conjunction with your legal or financial advisers, our estate planning lawyers can help you make the right decisions about how to transfer your wealth in the most tax effective way.
Having a Will is certainly a good place to start, but it’s just the beginning! A comprehensive estate plan involves so much more.
Just as it’s important to create wealth for your clients, it’s important to make sure it is protected.
Our estate planning lawyers will work closely with you to ensure you or your clients make the right decisions about how they should transfer their wealth.
Having a Will is certainly a good place for your clients to start, but it’s just the beginning! A comprehensive estate plan involves so much more.
For more information on Wills or estate plans, please speak to your adviser or call us on 1800 882 218.