When looking at Estate Planning, developing a sound strategy with respect to protecting your wealth and your assets is paramount.  Ensuring that your properties, shares, superannuation (binding nominations) are held in a financially and tax effective way when it comes to your surviving beneficiaries is a key component that our Estate Planners focus on.

While death duties are no longer in effect, attention still needs to be made to your individual beneficiaries to ascertain whether they will still be liable for taxes depending on how their inheritance is left to them. Income generated from those inheritances is also subject to personal tax. A Testamentary Trust can offer protection in this area and can be structured for your individual circumstances offering additional protection with respect to not only taxes but things like personal bankruptcy, divorce etc.

With complex family relationships and changes in tax legislation developing a strategy to manage your assets has become more complicated. The Estate Planners here at the Good Will Company can address these issues and offer custom strategies to deal with your personal circumstances.