Trustees must now pay attention to ownership details and their adviser can help guide them through the process with expert estate planning support
SUPERCentral’s flagship online Estate Planning Guide and Testamentary Manual has been designed specifically to assist advisers in guiding their clients through the intricacies of their testamentary requirements and to gather the information necessary for the formulation of an estate plan suitable for every client, regardless of the size or complexity of their financial affairs.
It is a holistic, cost effective online program that enables the adviser to maintain close contact with their clients, from the initial client briefing through to the signing of their clients’ estate planning documents.
The commentary accompanying the questions in the Estate Planning Guide and Testamentary Manual inform both the adviser and their clients about the important things that need to be considered in respect of each of the topic areas.
“You know your clients need advice on their estate planning. As their trusted adviser, you have helped them to nurture and build their wealth over the years through good times and bad, advised them how to grow and manage the investments in their SMSF, and implemented their retirement strategy.
“They now need to think about the transfer of the ownership and control of their wealth, not just on death but also in the event of physical or mental incapacity,” said Brian Hor, Special Counsel, Superannuation & Estate Planning at SUPERCentral.
Getting the estate planning strategy right is too important to simply refer out to a lawyer who may or may not understand how your client’s overall wealth is structured, who doesn’t have the necessary knowledge of taxation and superannuation, and whose advice and documentation may not reflect the best possible result for the client in terms of protecting the inheritances of their family and accessing valuable taxation concessions.
Plus, there is the loss of control of the whole process – you don’t know what the lawyer will produce for your client, when it will get done, and what it will cost. And if the lawyer gets it wrong, will your client (or their family) end up blaming you instead?
“What an adviser needs is an estate planning offering that seamlessly dovetails in with the way you run your practice. That allows you to take the lead in terms of the design and implementation of an appropriate estate plan for your client. That understands your client’s SMSF and tax effective retirement strategies that you have carefully crafted for your client.
“That allows you to integrate estate planning as both a risk management and client relationship building tool, plus become a profit centre for your practice,” said Mr Hor.
The Townsends / SUPERCentral Estate Planning service is different from any other legal service. Our specialist knowledge and experience as expert superannuation and estate planning lawyers is directly accessible to you as the client’s trusted adviser through the power of modern technology.
In particular, the Estate Planning Guide and Testamentary Manual is designed specifically for advisers to guide their clients through the intricacies of their testamentary documents and gather the right information to formulate an estate plan suitable for every client, regardless of the size or complexity of their financial situation. Some of the important benefits to your practice include:
- providing the means by which you can systematically and methodically guide your clients through their estate affairs, leaving nothing to chance
- ensuring that you are seen to have pro-actively advised your client in this area and thereby satisfied your professional duties as your client’s adviser
- giving you access to a streamlined process for referring the pure legal work to expert superannuation and estate planning lawyers who will provide you with an upfront proposal for the preparation of any estate planning documentation, fixed estimate of legal fees, and realistic and reliable turnaround times;
- enabling you to charge an appropriate fee to your client for providing a valuable service;
- helping you to deepen the relationship with your client and with your client’s next generation.
SUPERCentral is Australia’s leading online SMSF Services provider to Accountants, Financial Advisers and SMSF Administrators.
Brian Hor
Special Counsel
Superannuation & Estate Planning
SUPERCentral
T (02) 8296 6222
Level 9, 65 York St, Sydney NSW 2000