Estate Planning
Securing your wealth for your dependents
A legal will is a legally binding document that outlines your wishes regarding the distribution of your assets upon your death. While a will is important, it is only one part of the estate planning process. An estate plan is a detailed set of documents that can involve your will, trusts, powers of attorney, life insurance, beneficiary designations and property ownership.
An effective estate plan aims to maximise the value of the estate by reducing taxes and expenses while providing clarity around your wishes.
The main difference between a will and an estate plan is that an estate plan is a comprehensive plan that includes documents that are effective during your lifetime whereas a will only takes effect at the time of your passing. Together these documents outline who has the power to make healthcare and financial decisions on your behalf during your life, and who receives your assets at the time of your death.
With our guidance, we will take you through everything you need to consider and ensure you have the things most important to you covered. We approach this with empathy and compassion, as it is a daunting and sometimes overwhelming task for most.
To find out more about our approach to estate planning, please contact Intelligent Financial Outcomes.