Ensuring Your Superannuation Is Set up Correctly as Part of Your Estate Planning Superannuation is your money and you have worked hard for it, it’s a key investment for your future. Many people don’t realise that super doesn’t automatically form part of your estate and is not automatically included in your will. What you…
Advivo shares what to consider when insuring for your estate. Thorough estate planning involves putting in place strategies that address all aspects of your situation. Estate planning documents (including Wills, Powers of Attorney and insurance and superannuation nominations) are the tools that are used to implement these strategies that are developed as part of…
Advivo explains which entity is best to pay for your life insurance. When it comes to estate planning, life insurance is something to consider and furthermore, what the benefits and drawbacks are of having insurance within your SMSF. Types of insurance SMSFs are allowed to provide: Life cover Total and Permanent Disability Insurance (TPD);…
Advivo Business Advisors and Accountants advise the importance of having an estate plan in place. All too often when we talk to people about estate planning, we hear responses such as: “I don’t have kids” “I set one up years ago” “I don’t have enough assets to create one” “I used a kit I…