
Wills and Estate Planning
Description
A step-by-step guide to creating peace of mind and security for you and your loved ones
Wills and Estate Planning, by veteran Australian lawyer Andrew Simpson, walks you through exactly how to ensure that your assets are passed on to your chosen beneficiaries in a way that protects your financial legacy and avoids family disputes. This plain-English guide makes estate planning easy, explaining the steps you need to take today to help your loved ones tomorrow.
You'll learn how to create an estate plan, distribute your assets with a will, and even use trusts to safeguard your property. This is an essential and easy-to-read resource for Australians looking for a simple, stress-free way to manage their affairs.
This is your personal guidebook to passing on your wealth to future generations. You'll learn how to:
- understand wills, trusts, taxation and elder law
- demystify complex legal and financial topics
- read the latest legal and tax guidelines
- plan your estate at any age
- take proactive action now, before an emergency arises.
Wills and Estate Planning is a must-have book for anyone looking to establish financial security and gain peace-of-mind for themselves and their families.
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Person
Andrew Simpson is an experienced wills and estates lawyer with over 25 years' experience helping Australians plan and protect their wealth.
Content
About the Author vii
Acknowledgements ix
Preface xi
Part I Understanding estate planning 1
1. What is estate planning? 3
2. Estate assets 11
3. Intestacy 19
Part II The will 25
4. Planning your will 27
5. Appointment of executors 35
6. Contents of the will 49
7. Updating, revoking and storing your will 67
8. Protecting your will from challenge 75
Part III Trusts and estate planning 87
9. An introduction to trusts 89
10. Types of trusts 99
11. Testamentary trusts 113
12. Capital-protected and protective trusts 129
13. Proceeds trusts 147
Part IV Taxation and superannuation 157
14. Taxation and death 159
15. Death and superannuation 171
Part V Lifetime planning 189
16. Powers of attorney 191
17. Binding financial agreements 209
18. Business succession and estate planning 213
19. Life insurance 223
20. Planning ahead - arranging your funeral 229
Part VI Estate planning and elder law 235
21. Centrelink and estate planning 237
22. Centrelink and the treatment of private trusts and companies 247
23. Reverse mortgages 259
24. Aged care 267
25. It's up to you now 279
Glossary 281
Appendix 287
Index 289