Whether you are single, married, separated or divorced, everyone should have a Will to ensure your assets are distributed to the beneficiaries you nominate. If you die without a Will (intestate), an application to the Courts will need to be made which will result in State legislation regulating the distribution of your Estate.
Powers of Attorney
Powers of Attorney allow your nominated individual(s) to act on your behalf. Medical and Financial Powers of Attorney can operate immediately or may come into effect when you are unable to act in your own right (e.g. disability, dementia).
A Testamentary Trust is a legal vehicle where assets of an Estate may be deposited rather than being passed on to the beneficiaries directly. The benefits of a Testamentary Trust are numerous and may include asset protection and tax minimisation.
If you have children under the age of 18, your Will can facilitate your wishes on who will take responsibility to raise them in the event of your untimely and premature death.
Estate Planning services do not fall under the Count Financial Limited AFSL