Wholistic Financial Solutions is now
able to offer full Estate Planning Services including Estate Planning, Tax
Advice for Estates, Will drafting, setting up and running Testamentary Trusts
and Death Benefit planning advice.
In our opinion, a Will is best drafted with
Taxation Planning in mind. Thus it makes
sense for you to see us to discuss your Estate needs.
It is my firm opinion that anyone who
has children (at whatever ages) should ensure that their will contains a
Testamentary Trust. Establishing
testamentary trusts in your Will provides your beneficiaries with a large
degree of flexibility in dealing with their inheritance.
Further, in many cases these trusts
will provide significant protection for a family’s wealth.
The benefits of Testementary Trusts are
explained in more detail on our Fact Sheet below.
However in summary;
*
They provide major tax advantages which can be used to grow the family
wealth by taxing all income at adult rates even if distributed to minor
beneficiaries
*
They provide Capital Gains tax concessions allowing assets to be
transferred to the trust without CGT
*
They provide major Asset protection benefits
I believe the tax concessions alone are
enough to make Testamentary Trust an invaluable strategy however the Asset
Protection benefits can be even more attractive. Let’s face it, and to be blunt – you don’t
know when you are going to die! How
would you feel if everything you have ever worked for passes not to your
children but to a greedy recently ex-partner or creditors if your child is in
financial difficulty. Testamentary
Trusts protect against this by retaining your hard worked money in a Trust that
can’t be touched by anyone else other than whom you so wish.
The price of a will with a Testamentary
Trust is $1,100*. A small price to pay
for peace of mind and for major tax benefits for your family for generations to
come.
To get us started on arranging your
will – please complete the following form
WILL QUESTIONNAIRE
and return it to
catherine@wfscanberra.com.au
Alternatively you might like to arrange
a time to discuss this further and if so please email
catherine@wfscanberra.com.au
*
This price is for a relatively straight forward will with TT. Any change to this price will be notified
before proceeding.
The wills are drafted by a professional legal
team.
FACTS SHEET FOR YOUR INFORMATION (Catherine to provide the most update to date information)
Why use Testamentary Trusts
Fact Sheet – Family Trusts
Fact Sheet – SMSF’s
Fact Sheet – Vulnerable Beneficiaries
Fees
For further information about our fees and charges for estate planning
and wills services, click the link below.
Contact
For further information about our estate planning and wills services,
complete the form below and a team member will be in touch.