What is estate planning

What is estate planning

Sunshine Coast Estate Planning Estate planning is the process of arranging for your assets to be dealt with, after death, in accordance with your wishes while minimising the impact of stamp duty, tax and administration expenses. Effective structuring of your business and investments during your lifetime is an integral part of any estate plan.
Preservation of assets

The underlying objective of an estate plan should be to generate wealth and then to quarantine assets to ensure that they remain available for distribution as you wish, and are not exposed to the risks of the commercial world.
Do I need a will

A will is generally the most important document any person will sign. After death the terms of a will can only be altered by a court and, unless a court intervenes, the will regulates how the deceased’s assets are to be finally dealt with.
Can my will be challenged

A will can be challenged for a host of reasons ranging from improper execution of the document through to complaints that it did not adequately apportion the deceased’s estate to potential or actual beneficiaries.