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Crafting Your Legacy: Strategies in Estate Planning for Tax Efficiency

Picture of Roger Perrett

Roger Perrett

Executive Financial Advisor

Embarking on the journey of estate planning is a powerful endeavour. It’s a proactive step toward creating a legacy, a way to make a fantastic contribution to the financial well-being of your loved ones. As you navigate the complexities of dividing your assets, the decisions you make can have lasting implications. In this narrative, we’ll explore the nuances of using percentages versus gifting specific assets in your estate plan and how strategic planning can minimize potential tax liabilities for your beneficiaries.

The Joy of Creating a Legacy

Estate planning is an act of love and foresight, allowing you to shape the financial future of your loved ones. Whether you’re considering dividing your assets among children or gifting specific assets to your spouse, the goal is to leave a legacy that transcends generations.

The Unseen Risks of Percentage Division

However, the path to creating this legacy comes with its challenges. Dividing assets using percentages may inadvertently create an unnecessary tax burden for your beneficiaries. While the intention may be to provide fairly, the tax implications could outweigh the benefits, resulting in a significant reduction in the actual value received by your loved ones.

Minimizing Tax Liabilities – A Strategic Approach

The good news is that there are strategic approaches to minimize potential tax liabilities while still providing a substantial financial gift to your beneficiaries. By carefully considering the tax implications of each asset and using specific gifting strategies, you can enhance the overall value received by your loved ones.

Ongoing Tax Efficiency Strategies

Beyond the initial estate planning decisions, there are ongoing tax efficiency strategies that can be employed if your loved ones choose to invest their inheritance. Understanding these strategies can further optimize the financial benefits for your beneficiaries, creating a legacy that continues to flourish over time.

The Call to Action – Estate Planning for a Brighter Future

If you are contemplating estate planning and want to ensure tax efficiency for your loved ones, seeking professional advice is paramount. Our experts specialize in structuring estate plans that align with your goals, maximizing the financial benefits for your beneficiaries.

To discover how to craft an estate plan that not only provides for your loved ones but also minimizes potential tax liabilities, we invite you to contact us. Let’s work together to create a legacy that stands as a resilient source of support, ensuring a brighter financial future for generations to come.


This information is general advice. We have not considered your objectives, personal or financial circumstances. You should consider the appropriateness of the advice for your circumstances before making any decision. You should obtain and consider the relevant Product Disclosure Statement and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.

Past performance is not an indication of future performance.

This presentation has been prepared and presented by Roger Perrett, Freshwater Wealth Management Pty Ltd CAR no.1307016, Alliance Wealth Pty Ltd AFSL No.449221. This information cannot be used or copied in whole or part without our express written consent.

While every effort has been made to ensure the accuracy of the information, it is not guaranteed. It is based on our understanding of regulations and laws as at the publication date. As these are subject to change you should talk to a professional adviser for the most up-to-date information.

To the maximum extent permitted by law, no person including Alliance Wealth Pty Ltd nor its related entities, employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information.

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