Managing Wealth Creation DVD
 
Estate Planning
 
 
  "Be Realistic"
 

You are not immortal.
You will certainly die one day.
It's also possible that you may die unexpectedly.

While the expectation of life of people of your age may be many years, any particular individual can die at any time.

 
 
   
 
   
 
 

"The Importance of Making a Valid Will"

 

The importance of making a valid Will cannot be overemphasised. Such a document, if properly drawn up and witnessed, will ensure that your wishes in regards to the disposal of your assets will be carried out when you are gone.

Wealth Creators go to great lengths to arrange their affairs so as to minimise tax and to protect their assets. They also take out insurance on their prized possessions. In such a context it is absurd to overlook making a proper Will when such a simple and relatively inexpensive additional step can help to protect the financial security of your loved ones.

Many Wealth Creators who have the desire to leave their assets to their next of kin ignore the additional problems caused to the surviving family if they die intestate, or if an out of date Will does not reflect the latest intentions or circumstances. Yet over 65% of persons who die each year do so without completing these formalities.

 
   
 

"Common Attitudes and Mistakes"

 

While there is no need to be morbid about a lack of mortality, there are many common attitudes and mistakes that are made when faced when considering Estate Planning. For example:

  • Many Wealth Creators have a mental block as to their mortality and making a Will may needlessly worry relatives
  • Dying is something that only happens to other people and the making of a Will somehow brings death closer
  • Wills are only required by the wealthy and we may not be in that category
  • Let's not make a Will as all assets will pass to the next of kin

If a person dies without leaving a valid Will then that person is said to have died Intestate. The deceased's property will then be dealt with in strict accordance with certain statutory rules, and in some cases, in the absence of relatives, an estate may pass to the State Government.

 
 
   
 

"The Solution"

 

A Professionally Drafted Will can Prevent Future Family Heartache

Our estate-planning package comprises the highest quality documentation associated with Wills, Powers of Attorney and Guardianship. Estate planning can be an extremely sensitive issue involving significant emotional and financial concerns, therefore we ensure that all documents accurately and successfully reflect your intention and needs.

 
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