Estate Planning

Estate Planning is a complex area that requires special consideration to ensure your assets are passed on in accordance with your wishes in the most tax effective manner.

Concept Wealth Solutions can discuss in conjunction with other professional Advisers, how to preserve and manage your assets when transferring across generations.

Typical questions to consider include:

• Do you have appropriate life insurance to fund your dependants’ needs?
• Would you like to leave a component of your estate for specific purposes such as the education of grandchildren?
• Can you make a binding nomination through your super fund?
• What do you want to happen to your assets if your spouse remarries after your death?

A misunderstood fact is that not all assets are controlled by a will; a will only addresses Estate assets. An Estate Plan ensures that the ownership and control of all of your assets passes onto your beneficiaries and that the transition of assets is tax friendly and as smooth as possible. A little planning can make sure your assets are used in ways that are consistent with your wishes.

Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.