Estate Planning

Estate planning is a very important, often forgotten about aspect of your financial and lifestyle plan.
Estate planning is about ensuring that in the event of your death your estate assets are distributed as per your wishes and in the most tax effective manner.

The major parts to an estate plan include:
1) Having a current and valid Will,
2) Appointing Powers Of Attorney (Medical and General)
3) Making Binding Death Nominations (superannuation)
4) Setting up Testamentary Trusts

At Evolution, we help you understand and navigate your way around the complex issues such as the different tax liabilities of your decision to leave certain assets to various members of your family upon death.

We help you realise the importance of having a current and valid Will, as well as appointing suitable Powers of Attorney and executors to administer your Will.

We offer advice n regarding appointing Binding Death Nominations on your superannuation investments and the tax implications surrounding BDN’s.
We always recommend talking to your solicitor before putting your estate plan in place as they can provide you with the relevant legal documents that need to be drawn up as well as the correct advice .

You should review your Estate Planning needs every time there is a major change in your life and at least every five years.

If you would like to discuss your Estate Planning matters in more detail or wish to put an Estate Plan into place, please contact our team today.