Hello and welcome back to the 360 Money Matters podcast! We’re finally here at the sixth and final step of your financial roadmap– estate planning!
Once you’ve amassed a large amount of wealth, you don’t just stop there. You want to plan your estate to make sure that your money and assets get to the right people, at the right time. Inheritance isn’t just limited to simply writing a will, so have a listen as Billy and Andrew take the time to discuss the various elements you should consider when planning out your estate.
Make sure to listen in on this episode because this isn’t just about getting your assets and money in order, but more importantly, it’s about making sure the people you’re leaving behind will be well taken care of after you’re gone.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The two main steps to estate planning.
• Splitting money and assets among your beneficiaries.
• Lump sums vs. Income streams.
• How testamentary trust works.
• Make sure legal guardianships are in place for your dependents.
• Two main elements to consider when appointing someone to make decisions for you.
• Minimizing the tax your beneficiaries have to pay.
• Protecting your beneficiaries in the event of a relationship breakdown.
• Make sure your estate plan is up to date.
