Estate Planning
More than just a will, estate planning is not to be left up to chance. An estate plan needs to be done properly; thorough and strong, so your assets are protected and that your wealth is transferred smoothing, tax effectively and most importantly, according to your wishes.
With over 45% of Australians dying without a will, leaving all assets left to be distributed in a way that is often not in line with the deceased wishes. Even with a will, it may not cover all your assets and wealth- leaving complications and situations about where they are held.
That is why having robust estate planning is essential.
How do you ensure your estate is in order?
Having an advisor and accountant who is familiar with your business, assets and financial affairs is a brilliant way to ensure you have somebody that can help explain and tell you how to best manage your affairs.
When you leave your affairs in the hands of Interactive Financial, we can address questions such as:
- Â Will your wealth be protected in the case of marriage breakdowns, creditors and potential challenges to your estate?
- Should you and how can you utilise trusts for asset protection and tax effectiveness?
- How do you make sure that your SMSF is securely part of your estate?
- Are your assets, business and life insurance structured in the most tax effective way?
- Will you need a ‘buy sell agreement’ with your business partner to ensure your business continues?
- Who owns your home or other major assets and will this impact your will?
How else can Interactive Financial you?
Our team of experts can help you approach estate planning in the most practical and constructive way. Each team can work closely together, so with the help from legal advisors where appropriate, you can be sure your estate planning is managed with upmost attention to detail.
Interactive Financial will work with you to develop a plan that ensures that your assets are protected from creditors, the government, excessive tax and family disputes.
Our assistance includes:
- Helping you establish a will
- Assigning the powers of attorney
- Asset protection
- Testamentary trusts
- Beneficiary advice for the purpose of taxation
