9 Dec 2016
Estate Planning: Tax Implications
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Do you have a Family Succession Strategy?
If not why not?
Over the next three decades 40% or US$16 trillion of the wealth currently held by the Worlds Ultra High Net Worth (individuals with wealth in excess of US$30m) is set to transfer to the next generation.
That is a lot of tax and unfortunately we cannot all be Ultra High Net Worth individual but you can limit the amount tax to be paid if you have the right structures in place.
Using entities such as companies, discretionary trust, hybrid trusts and superannuation are all part of the solution mix but previous prior planning is key which means advice is needed on putting it all together and that’s were we can help.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.