Why just a will won’t cut it for your inheritance strategy
This is why Tony – who has a family trust, a company and property in a unit trust – needs an extra 25 documents to sort control of family assets after he dies.
As important as your will is, it may be only one of a number of documents you need for reliable estate planning.
That’s because many people have their assets held in companies, trusts and super funds. All those assets are controlled by that person, often along with their spouse, but are not actually owned by them. If they’re not owned by them, then they can’t be dealt with in the will.
Loading...
Peter Townsend is principal of Townsend Business & Corporate Lawyers.
