When we pass away it may be the end of our story. But it’s a new beginning for those we leave behind.
A carefully crafted Estate Plan ensures that the wealth that took a lifetime to build is distributed to your chosen beneficiaries: smoothly, tax effectively and in accordance with any unique wishes. We provide clients with expertise and confidence that their wishes will be carried out and in a way that maximises the value of the family’s assets. One way to maximize the value of your family’s assets is using your Superannuation fund to control distribution of your assets when you pass away.
HOW WE CRAFT YOUR ESTATE PLAN
We conduct a thorough analysis of your circumstances and wishes, explain your options and where relevant, provide guidance in leveraging your Superannuation to meet your requirements. Sometimes this includes the assignment of a Binding Nomination of Beneficiaries. This instrument ensures that those who you appoint to control and distribute your estate do so expeditiously and without contest.There’s also a Testamentary Trust which controls asset distribution after one passes away. It’s flexible and provides beneficial tax considerations.
There are 3 general categories of superannuation funds
Industry Funds are for those with less complex financial circumstances. These funds could be described as off-the-shelf, one-size-fits-many solutions. Ease of use and simplicity are hallmarks. For those with more complex circumstances and higher fund balances there are a variety of Retail and Wholesale Funds available.
Self Managed Super Funds (SMSF) are for those with a higher fund balance and usually require more discernment in selecting the right fund. Trusted advice is invaluable.
WE PROVIDE PERSONALISED GUIDANCE
We provide unbiased guidance, driven by your specific circumstances. As many already know, the options, the potential fees, the rules and legalities can be daunting. We bring clarity to ensure that the plan or fund you select is the best and to proactively and routinely review your circumstances. Our reputation is built on our attention to detail, thorough analysis and intelligent planning. This, along with our desire to serve and pro-actively manage our clients’ financial affairs, has proven to be vital in building long-term relationships underpinned by trust.
We can be of service in other areas
Besides Estate Planning and Superannuation, there are other areas that we can be of service when it comes to managing your financial affairs. These include:
The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your GPS Wealth Ltd (GPS) Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither GPS nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information