Building Family Wealth takes time. But how easily can it be torn down in expensive litigation, legal challenges and regulatory and economic
threat?. It is not unheard of for a $1M deceased person’s estate to be challenged and when that happens, expect upward of $200,000 in legal
fees and years of litigation.
The bigger the estate, the larger the fees. And anyone with a business or profession, from a doctor advising patients to a property developer with their latest project to a hairdresser who may have spread Covid to clients, may be exposed to lengthy and costly lawsuits.
This does not have to happen!
Information in this document is based on current regulatory requirements and laws, as at 1 June 2022, which may be subject
to change.
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A testamentary trust is commonly used by estate planning lawyers to protect the assets and inheritance of the testator’s benefciaries from creditors, family law actions and providing flexibility in relation to the distribution of the estate.
There are limits on how much you can pay into your super fund each financial year without having to pay extra tax. These limits are called ‘contribution caps’.
Building Family Wealth takes time. But how easily can it be torn down in expensive litigation, legal challenges and regulatory and economic threat?
When deciding which investments are right for you, it is important to understand the trade-off between risk and return and how to manage investment risk.
By setting goals, planning ahead and being smart with your savings and debt strategies – you can actively grow your wealth even from a
modest start.
