|
Last month a SMSF trustee came up to me after a talk and noted that he had paid $5,000 for a Will with a range of testamentary trusts from his local lawyer. Although he was impressed by the thickness of the documentation - he could not understand what he had signed. However, after sitting through a client SMSF Estate Planning presentation he said he suddenly felt cheated as he was retired, had his own home and an investment property in joint tenancy with his wife, a SMSF with more than $1M that had a basic SMSF Will in place transferring his super directly to his spouse and dependants and a car and personal property worth $20,000. He realised - like a bolt of lightning, that on his death the $5,000 Will was limited to his car and personal property only - a 25% cost on assets covered under the Will. |
8.30am Estate Planning - introduction, client type, client presentation, the client interview and strategy fees
|
