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Estate planning involves more than just drafting a Will, as a Will deals with those assets which are estate assets on death only.
A Will does not deal with those types of assets you control which are not estate assets - such as assets in family trusts, jointly owned assets and assets and money held in superannuation funds. Therefore a Will only may or may not be tax effective.
Planning an estate involves looking at how all of your assets are controlled and dealt with after your death, amending or creating documents to ensure your wishes are carried out and designing those documents and your Will in a way which is tax effective. Estate Planning is designed to save your beneficiaries tax dollars. In addition, as you age, you may also need to consider Guardianship and Power of Attorney arrangements.
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