| Testamentary Trust Wills – includes Divorce & Bankruptcy protection, 3-Generation Testamentary Trusts, Superannuation Trusts | |
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| Recommended Estate Planning Package – includes 3G Testamentary Trust Wills, Enduring and Medical POAs | |
| Mirror Wills – $975 Tax Effective 3-Generation Testamentary Trust | |
| Single Will – $795 Tax Effective 3-Generation Testamentary Trust |
| Non-tax effective Wills (no protection for: divorcing or bankrupt children; Capital Gains Tax or 32% payable by adult children on your Superannuation) |
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| Non-Tax effective Mirror Wills – $528 |
| Non-Tax effective Single Will – $495 |
| Training Course |
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| Estate Planning Training Course – includes 3-Generation Testamentary Trust Mutual Wills |
Do I need 3-Generation Testamentary Trust Wills or Non-tax effective Wills?
There are two types of Wills: 3-Generation Testamentary Trust Wills and Non-tax effective Wills.
If you can afford it, it is always better to have 3-Generation Testamentary Trust Wills because they contain:
1. 3-Generation Testamentary Trusts – reduces CGT, income tax & transfer (stamp) duty
2. Super Testamentary Trust – reduces the 17% or 32% tax on Super going to adult children
3. Bankruptcy Trusts – if a beneficiary is bankrupt
4. Divorce Protection Trust – if a child separates
5. Maintenance Trust – where beneficiaries under 18 years of age or unstable
If your family home, superannuation, life insurance and other assets, when combined, are over $1m then you clearly need 3-Generation Testamentary Trust Wills. However, if your assets are under $1m then the benefits, while still there, are not as great.
To help you decide, watch the above “Which Will is best” video.
Business Structures for Personal Services Income, tax and asset protection
Family trust v Everett’s assignments
- Family Trust Deed – watch the free training course
- Family Trust Updates:
- Everything – Appointor, Trustee & Deed Update
- Deed ONLY – only update the Deed for tax
- Guardian and Appointor – only update the Guardian & Appointor
- Change the Trustee – change human Trustees and Company Trustees
- The company as Trustee of Family Trust – only for assets protection?
- Bucket Company for Family Trust – tax advantages of a corporate beneficiary
Unit trust vs Everett’s assignments
- Unit Trust
- Unit Trust Vesting Deed – wind up your Unit Trust
- Change Unit Trust Trustee – replace the trustee of your Unit Trust
- Company as Trustee of Unit Trust – how to build a company designed to be a trustee of a Unit Trust
Corporate structures and Everett’s assignments
- Partnership Agreement – but what about joint liability?
- Incorporate an Australian Company – best practice with the Constitution
- Upgrade the old Company Constitution – this is why
- Replace lost Company Constitution – about to get an ATO Audit?
Service trust and Independent Contractors Agreements
- Independent Contractor Agreement – make sure the person is NOT an employee
- Service Trust Agreement – operate a second business to move income and wealth
- Law firm Service Trust Agreement – how a law firm runs the backend of its practice
- Medical Doctor Service Trust Agreement – complies with all State rules, including New South Wales
- Dentist Service Trust Agreement – how dentists move income to their family
- Engineering Service Trust Agreement – commonly engineers set up the wrong structure
- Accountants Service Trust Agreement – complies with ATO’s new view on the Phillips case