Episode Details
Back to Episodes
Why estate planning shouldn’t be left to chance
Description
Having an up-to-date will is essential – but understanding whether to include a testamentary trust can be just as important. These trusts can offer asset protection, oversight for vulnerable beneficiaries, and potential tax benefits, but they also bring complexity and ongoing costs that may not suit every family.
To unpack this further, Ricky Caldow, Director at the Bongiorno Group, speaks with Jackson Barrett of Barrett & Co Legal. They also discuss the risks of dying without a will: loss of control, costly disputes, and outcomes very different from what you intended.
Barrett + Co Legal
https://barrettcolegal.com.au/
The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria.
For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product Disclosure Statement before deciding to acquire the product.
See omnystudio.com/listener for privacy information.