Structuring your Will and Estate Plan is one of the best legacies you can leave your family. Ensure your will is reviewed regularly at least every three to five years.

Your will needs to be reviewed every few years to ensure it reflects your current personal  situation. When your assets become considerable you need to seek professional help to put in place an Estate Plan.

An Estate Plan will clearly define what is to be done with your assets no matter what ownership structure they are in ... ie Family trusts, Your own Business, Superannuation accounts etc. When this is done properly it creates certainty and will help reduce the implications of Capital Gains tax and other taxes that may have to be paid by your Estate.
This will have to be dealt with by your surviving family, it's best to have this organised now so your loved ones have a smooth transition of wealth to your family.