Planning for when you’re no longer around may be confronting, but so is the prospect of having your worldly possessions fall into the wrong hands or being taxed away simply because your affairs were not in order. Estate planning is not just a good idea; it’s essential.
Breaking up is hard to do, but it can be made all the more difficult when superannuation savings are involved. There are however some practical steps to ease the pain. Also on the topic of disputes, where SMSF trustees have a falling out, there are essential considerations to ensure the fund remains compliant.
Should you require more information regarding any topic touched upon in this newsletter, please feel free to contact our office for personal advice.