Your Estate Planning Provisions

You may already have a Will in place, but have you considered the financial implications your Estate may have on your family? We can help you with your Estate Planning needs.

We can help you build a tax effective Estate Plan that will ensure your money goes exactly where you want it to. The structuring of your investments is a very important factor in protecting your family financially upon your death.

Good Estate Planning can give you a final voice and protect your legacy.

We can help you protect your legacy from frivolous spending, minimise the tax burden on your family and simplify your Estate to meet your objectives.

PlanPlus can work alongside your solicitor to build an Estate Plan into your financial plan so that all your bases are covered.

We will:

  • Liaise with your Solicitor.
  • Complete binding death nominations.
  • Prepare an Executors dossier.
  • Explore the most tax effective options for the division of your assets, including superannuation.
  • Consider the structure of your investment portfolio from an Estate Planning point of view.
  • Explore your insurance options.


Case Study

Ben and Ally

Ben is 50 years old and recently separated from his wife Diana around three years ago.

2 years ago, Ben met Ally at a work function. They having been living together for the past 18 months.

Ben wants to make sure that Ally is provided for should he suddenly pass away. He is also adamant that his ex-wife Diana should not benefit from his Estate.

However, Ben passes away without a valid Will. Under NSW intestacy law, all of Ben’s assets will pass to his ex-wife Diana. Ally is left with nothing.

This could not be more contrary to Ben’s wishes.

Husband Passes Away

James passes away, leaving an Estate valued at around 1.5m to his wife and family. His last dying wish was that his Estate be used to look after their three children.

Tristan, James’ widow, already earns $180,000 as a consulting engineer. As she is already in a high marginal tax bracket, any income received from James’ Estate will be subject to high taxation.

If James had established a testamentary trust instead, part of his Estate would be passed to his children instead, who would each be taxed as adults on a lower tax bracket to their mother.

These tax savings would mean that James Estate would be better positioned to support the family.