Handing on your life’s work
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Why do a will?
There are two certainties that each of us will face – one we will all pay taxes of some form and secondly, death to us all.
We plan for taxes and ways in which we can reduce and manage tax. Most people will spend many hours each year to minimise tax.
However, one thing that many (statistics say that it is over 52%) Australians fail to plan for is what will happen in the event of our death. Tragedy does happen and there is never a guarantee of tomorrow.
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Planning your legacy
For those that do not plan, the costs can be immense. Both financially (death tax via super or legal costs or disputes) and emotionally, can add years on to the process.
Many Australians delay or avoid completing their estate plan for various reasons – costs, don’t feel they have enough assets, hard emotional decisions.