Estate planning: looking after what’s important

You’ve worked hard to build up your assets, so it makes sense to have a plan in place on how you wish to pass these assets on.

There’s more to estate planning than just a will

Writing a will is just one of the steps involved in estate planning. You see, well-thought-out estate planning also protects your assets for future generations; and minimises estate tax or other taxes.

Many clients choose to set up a Trust, as this often has tax advantages, as well as ensuring control of the succession of your assets. The team at Biz Solutions can help to formulate the best type of Trust structure for your needs.

Powers of Attorney, Enduring Powers of Attorney, and a Memorandum of Wishes are also important aspects of estate planning. You may choose to engage Biz Solutions as your Trustee, or any other party you choose.

What kinds of assets are considered in estate planning?

In short: all your assets are considered, whether they’re of financial value or sentimental value. It covers your family home and investment properties, as well as personal items, such as jewellery, art, or other collections.

Shares in private companies and term life insurances also need to be considered.

What about my business?

Succession planning for your business is another consideration, if you’re not planning to sell your business upon retirement. The team at Biz Solutions can help with you choose the solution that’s right for you.

Enjoy the peace of mind that comes with knowing that those important to you will be looked after (and not paying too much tax) – even when you’re no longer here.