Estate Planning
An effective Estate Planning Strategy is to ensure that your assets pass to your selected beneficiaries. This requires a comprehensive understanding of how your assets are held. In most cases the family home is held as tenants in common, and therefore will automatically transfer to the surviving spouse, but is this how your home is owned, and what happens if both spouses pass away together. It is also important to remember that assets owned by a Family Trust, Superannuation Fund or Company are not dealt with through your will. A comprehensive estate plan also includes considering relevant powers of attorneys.
