Australia is on the brink of an unprecedented wealth transfer, and the story below highlights some important considerations for preparing for it. However, true estate planning goes far beyond "simple" solutions.
Holistic estate planning encompasses not just traditional estate assets but also non-estate assets like superannuation and jointly held property.
It involves meaningful conversations with clients and their families to align planning with their values and goals. This cannot be achieved with generic, low-cost online wills.
Advisers have a unique opportunity to enhance their estate planning expertise and provide comprehensive support to clients navigating these complex decisions. By partnering with advisers, we aim to build their estate planning muscle—integrating the technical, emotional, and relational aspects of planning into their practices.
This is how we ensure clients are not only prepared for the staggering wealth transfer ahead but are also confident that their wishes will be carried out with care and precision.
What are your thoughts on the future of estate planning in light of this wealth transfer?
See Smh / Aware Super story below.
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