Estate planning encompasses:
- the preparation of a will
- appointing an executor of the will
- determining whether a power of attorney is required and who should be appointed in that role
- establishing a discretionary trust(s).
Consideration of an estate plan depends upon whether:
- you have sizeable assets and the personal circumstances of your beneficiaries require the creation of more complex trusts within your will
- you have vulnerable beneficiaries with special needs
- your investment or business structures are complex and may include a family discretionary trust, a self managed superannuation fund or a private company
- you wish to minimise the tax liability of your estate or your beneficiaries, for example via superannuation or testamentary trusts.
Estate planning advice will help you to decide whether you require the preparation of a more complex will incorporating testamentary discretionary trusts, amendments to your family trust deed or self managed superannuation fund and a formal estate planning strategy document.
Call ANZ Trustees on 1800 011 047 to find out more about estate planning
ANZ Trustees Limited (ABN 33 006 132 332) is a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ABN 11 005 357 522). The information contained in this Summary is intended as an overview only. It should not be relied upon as a substitute for detailed professional advice.
