Intergenerational Wealth Transfer Gold Coast
Corp Plan are the Gold Coast intergenerational wealth transfer experts
Are you looking for professional Wealth Transfer services?
You will need a succession plan to ensure the transfer of your assets to your intended beneficiaries in a manner that both Protects Inheritances and is Tax Efficient. A typical will, even if professionally prepared, is unlikely to achieve these objectives, particularly if you have a complex financial situation. We work with Estate Planning Solicitors to ensure your succession plan is designed to transfer your wealth in a financially secure way.
Intergenerational Wealth Transfer
What does this mean?
Vast sums of wealth are transferred to chosen beneficiaries each year. If it is inheritance after death or maybe a gift from one generation to another, this is called a generational wealth transfer.
Testamentary trusts are a way we can protect inheritances from being seized by creditors or ex-spouses of your children. Further, they are a particular type of trust taxed more concessionally than average trusts. We can explain the benefit of having testamentary trusts and assist you in ensuring that your beneficiaries get the maximum benefits from your estate.
You may benefit from a Binding Death Benefit Nomination if you have super; this can ensure your super goes to your intended beneficiaries and also can minimise Tax if it is appropriately structured. Many people don't know that super-death benefits can attract Australia's only death tax. We can help you to avoid this in many circumstances.
Intergenerational Wealth Transfer Gold Coast
Consider the fact that many of us are about to be part of the most significant intergenerational transfer of wealth in Australian history – $3.5 trillion over the next two decades, according to the Productivity Commission
business.nab.com.au/the-great-australian-wealth-transfer-53254/
5th May 2022
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Corp-Plan Consultants Pty Ltd
Accredited members of Chartered Accountants Australia and New Zealand (‘CAANZ’)
