Estate planning is an issue that confronts all individuals. In the modern era this has become a far more significant issue than just making a Will.
This is because business people in particular are more aware than ever before that a significant proportion of their wealth is unlikely to vest in their estate. Two classic examples of this are assets owned by a trust and superannuation benefits. The binding death benefit nomination in the superannuation context is a relatively new development which will be addressed in detail.
This session also addressed the issues that arise in effective Will making, both from a commercial and taxation perspective. It also addressed the manner in which the application of non-estate assets can nevertheless be directed 'from the grave'.