Last Will and Testamentary Trust
| Testamentary Trust Wills – includes Divorce & Bankruptcy protection, 3-Generation Testamentary Trusts, Superannuation Trusts |
|---|
| Mutual Wills – $770 Tax Effective 3-Generation Testamentary Trust |
| Single Will – $550 Tax Effective 3-Generation Testamentary Trust |
| Estate Planning Package – 3-Generation Testamentary Trust Wills, Enduring and Medical POA |
| Simple Wills (no protection for: divorcing or bankrupt children; Capital Gains Tax or 32% payable by adult children on your Superannuation) |
|---|
| Simple Mutual Wills – $285 |
| Simple Single Will – $225 |
| Training Course |
|---|
| Estate Planning Training Course – includes 3-Generation Testamentary Trust Mutual Wills |
Do I need 3-Generation Testamentary Trust Wills or a Simple Wills?
There are two types of Wills: 3-Generation Testamentary Trust Wills and Simple Wills.
If you can afford it, it is always better to have 3-Generation Testamentary Trust Wills because they contain:
* 3-Generation Testamentary Trusts – reduces CGT & stamp duty
* Super Testamentary Trust – reduces the 17% or 32% tax on Super going to adult children
* Bankruptcy Trusts – if a beneficiary is bankrupt
* Divorce Protection Trust – if a child separates
* 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.
The 4 Wills are:
Enduring and Medical Power of Attorney
