Are your family and wealth protected?

We all expect to live forever and are reluctant to contemplate what may happen after we leave this earth.

When this day does eventually come, you unfortunately will not be around to provide your loved ones with emotional or physical support, however should you take the appropriate and necessary steps now, you should be able to help provide for them financially.

Most people think of Wills when the hear the words ‘Estate Planning’, however it should be pointed out that your superannuation and any Life insurance held within your superannuation fund, do not automatically form part of your ‘estate’ and therefore are not covered by this important legal document (Will).

Superannuation does have a number of very interesting and valuable mechanisms and strategies that can be used to ensure that your dependents and beneficiaries receive the maximum financial benefit from the assets that you have accumulated and grown during your lifetime.

It is important to review these strategies against your current personal, family and financial position and to devise a plan to ensure that these strategies utilising Superannuation work in conjunction with and compliment your Will and the directives within.

By having the appropriate strategy and documents in place, it could result in a significant financial upside to your family. Providing them with ‘peace of mind’ during the difficult period.

Ocean Advice can assist with the co-ordination and implementation of this strategy in conjunction with your current legal firm or one of our preferred legal professionals.