A well-drafted and effective plan is important for a range of reasons, including:
Minimising claims against your estate
Minimising disputes among beneficiaries
Protecting assets from claims and/or creditors
Ensuring your estate is properly distributed to those you want to benefit
Minimising tax payable by your estate and/or its beneficiaries
Ensuring proper succession and/or distribution of assets outside your personal estate (such as businesses, trusts, jointly owned property, or superannuation)
Ensuring the whole process is as stress-free and simple as possible for your family members and loved ones and beneficiaries.