Planning your legacy is not just about having a will. In fact, as a business owner it’s much more than that. While a will may be a good place to start, a comprehensive estate plan is far more effective in being able to protect your assets, reduce the risk of disputes, and minimise your taxes.
Many people make the mistake of assuming that everything they ‘own’ in including their business, home and super forms part of their estate. In the majority of cases this is simply NOT true.
Most of us would prefer to live in the here and now and enjoy what we have now without thinking about what the future has in store. However, none of us know what’s around the corner and you hear of too many horror stories to use this as an excuse to procrastinate.
Not acting now can make the difference between ensuring your assets are protected today and pass to the right people when you’re no longer here and a complete stranger making decisions about to who and where your wealth should go. You’ve spent too many years building up your wealth to leave it to chance.