When it comes to distributing your assets, the right planning can minimise the likelihood of claims being made against your estate.
Estate planning ensures your wealth is managed and transferred according to your wishes. An effective plan aims to minimise the tax liability and maximise benefits.
Your Will
Life events such as marriage, divorce, children and buying or selling assets can impact your Will so it’s important to review the document regularly.
A Trust created within your Will can provide significant flexibility, together with tax minimisation and asset protection, for those who will benefit from your estate.
The importance of professional advice
Legislation varies from State to State - a Bridges financial planner can show you how to preserve and manage your assets with an effective estate plan.
1. This is general advice only and does not take into account your objectives, financial situation and needs. Before acting on this advice, you should consult a financial planner.
2. Bridges Financial Services Pty Limited trading as Bridges Personal Investment Services (Bridges). Bridges holds an Australian Financial Services Licence No.240837 issued by the Australian Securities and Investments Commission (ASIC), is an ASX Participant and a Principal Member of the Financial Planning Association of Australia.
3. In referring Members to Bridges, Gateway Credit Union does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.
4. Gateway Credit Union may receive commissions from Bridges, for referring Members who invest through Bridges. See Gateway’s Financial Services Guide.