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Where there’s a Will, there’s an Estate Plan. Well, there should be.

estateplanLet’s face it: no-one likes to think of death, especially their own. It’s not exactly a great conversation starter, is it? This might explain why so many people end up “dying Intestate” which means they die without a will and, as a consequence, have their assets distributed according to State law.
Sadly, the way State law distributes a deceased person’s assets among family members can often be a lot different to the way a deceased person wanted their assets distributed
It can create a lot of unnecessary stress and conflict within a family.
So unless and you don’t have a single possession to your name, you need to not only think about preparing a will, but do something about it.
You need more than just a will. You need an estate plan.

Why having a will is not enough

If you have a will in place, you may not think you even need an estate plan. After all, your will spells out your “Who gets what” instructions regarding your estate, right?
Unfortunately, the estate you’ve specified in your will may not include all of your assets. By law, your will doesn’t include assets such as:

To control what happens to these assets, you need an estate plan.

6 more reasons to have an estate plan

A well-written estate plan can do more than just distribute all of your assets the way you want. It can also help:

Who should help you create your estate plan?

While an estate plan is a legal document, its creation shouldn’t be left solely to your solicitor. You need someone who knows about you, your family and your financial situation. Often the person who generally knows the most about that is your accountant or financial planner.

However, while they may know all about your finances, they may not have the legal qualifications needed to create a watertight estate plan. So you actually need your accountant or financial planner and a solicitor.

According to TAG Financial Services partner Leigh Jobling:

“Successful retirement and estate planning can be complex. There are many legal, financial and tax implications that will not just take care of themselves. As many of our clients have already experienced, you will be enlightened and also relieved at how beneficial discussing these matters with knowledgeable advisers can be.”

Avoid leaving a trail of chaos behind you
Whether or not you have an active will in place, without an estate plan there’s no telling who your assets may end up with. Avoid creating stress and conflict for your loved ones, and give yourself the peace of mind in the here-and-now that your affairs are well in order.

Information Session
Find out more by attending our “Where There’s a Will, There’s a Way” information session on Tuesday 17th March. For more information go to

More Information
If you have any questions after reading this, or you would like us to assist you in creating a solid estate plan for you and your family, please contact Leigh Jobling on (03) 9886 0800 or via email

Disclaimer: The information contained in this document is general in nature only. Professional advice should be sought before acting on any aspect of this document. Liability limited by a scheme approved under Professional Standards Legislation. © Copyright TAG Financial Services Pty Ltd (March 2015)

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