Estate Planning
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“Where there’s a will – there’s a relative!” – Ricky Gervais
Humour aside, ensuring you have your Estate planning affairs in order is no laughing matter. Did you know that over 12 million Australians do not have a will (1). Even more concerning is that that a 2015 report conducted by The University of Queensland found that in contesting of Wills in Australia 74 percent of Family Provision Claims in Australia are successful, the success rate in Queensland is even higher at 77 percent. One of the biggest factors in the success rate of contesting a Will is who is eligible to do so.
At Antea we understand that Estate Planning is about more than just money. It’s about peace-of-mind.
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So ask yourself these questions.
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Does the thought of your family's financial future in the event of something happening to you make you uneasy?
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Do you feel that your current estate plan needs updating to align with your present situation, but you're unsure where to begin?
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If so, Antea is here to assist you.
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We understand that life keeps you busy, and contemplating what comes later may be the last thing on your mind, however, without a regularly reviewed comprehensive estate plan ,your hard-earned assets might not be distributed according to your preferences. Fear not, estate planning doesn't have to be as intimidating as it seems.
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Each person's financial circumstances are unique, and that's why in conjunction with our trusted legal partners we create a thorough estate plan tailored to your individual financial needs, desires, and aspirations. Antea streamlines the process of safeguarding your family's future, and recognises the importance of ensuring financial security for your family.
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What exactly is estate planning? When you hear those words, you might immediately think of creating a will, but it encompasses much more. Estate planning involves devising a personalized strategy to manage your assets and investments in the event of your passing.
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The ultimate goal of estate planning is to provide you and your loved ones with the assurance that your assets will be passed on to your chosen beneficiaries in the most efficient manner possible.
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Our estate planning service covers a range of essential aspects, including:
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1. Creating a legally-binding will.
2. Appointing a power of attorney in case of unforeseen circumstances.
3. Understanding the advantages and disadvantages of testamentary trusts.
4. Navigating the potential tax implications that could impact your heirs.
5. Ensuring your superannuation is properly integrated into your estate.
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In a nutshell, an estate plan safeguards your wishes for the future and ensures that these will be fulfilled without complications with guidance from experienced professionals. Antea helps you build this financial security with confidence and ease.
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A well-crafted estate plan can provide the following benefits:
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1. Financial support for your family after your passing.
2. Avoidance of disputes and legal battles over inheritance among your loved ones.
3. Reduction of excessive tax obligations for your nominated beneficiaries.
4. Proper care for your children in the event of an unexpected passing.
5. Ensuring your funeral arrangements align with your desires.
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Without a comprehensive estate plan, your family's financial security may be compromised by varying state laws or external factors that could hinder them from inheriting as you intended,. By taking action and working with Antea, you can prevent your loved ones from shouldering unnecessary stress. While a professional financial plan addresses everyday financial challenges, a comprehensive estate plan ensures that your hard-earned wealth remains protected and distributed according to your wishes.
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Source 1: Finder.com.au
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Disclaimer: Antea Financial Services does not provide family law or estate planning advice. Instead, we'll refer you to one of our expert partners who specialise in these services.