The Wealth Transfer Workbook is a wonderful guide to explain how your estate will pass to your family using all the available tools for estate planning.
This workbook was written after 15 years of experience gained from sitting down with thousands of expat families. Working through the wreckage of those that experienced loss, they didn’t understand the full outcome of their estate plan until it was too late.
Written with the busy Aussie expat in mind, this workbook aims to deliver an “easy-to-understand” platform that provides a way of understanding all the parties involved in an estate plan, what tools are available and how intertwined both taxes and probate are.
This is not a Will!
This workbook will not provide any legal tools that will be enforceable by law. Quite the opposite. This is a much needed guide to understanding what tools are out there so you can sit down with a lawyer or adviser and be informed about how your estate must pass. I find so many people go to a lawyer or estate planner but they still don’t clearly understand what will happen to their estate in full.
Being a very visual person, I have been explaining to clients for years about the tools they can use to transfer their wealth and over thousands of meetings I was able to come up with a one page document called “The Wealth Transfer Worksheet”. This worksheet is inside and will allow you to visually construct how your estate will pass to your family or friends and educate you about the various parties that are involved and what their roles are. Learn about the various parties such as:
| Testator | Appointer |
| Trustee | Executor |
| Beneficiaries | Guardians |
| Powers of attorney | Policy owner |
The biggest mistake
The biggest mistake I see in the industry is that the client goes to see an insurance broker to get their insurance program done. Then they go and see a lawyer to get their wills done. But neither the insurance broker nor the lawyer ever talks!
Why is this so!
In short…I cannot understand why they wouldn’t. Every will my clients get done I speak with their lawyers to ensure the insurance program reflects their wishes in the will.
This is how a poorly planned estate plan and insurance program looks
The problem is only discovered when someone dies. If the insurance program doesn’t connect to the estate plan then we could have a common situation where the wrong beneficiaries of the estate are receiving the proceeds.
The insurance program should do two things. Firstly it should eliminate debt on the estate and secondly it should pay a lump sum of cash to replace the person we just lost. If that person produced significant income for the estate, then the insurance should be larger.
A professional will ensures the correct beneficiaries are achieved not only from the perspective of what the deceased wished, but also to ensure it was tax effective and quick through probate by connecting all the dots.
This is how a perfectly planned estate plan and insurance program looks
Pretty big difference eh!
The Wealth Transfer Worksheet has been a staple of my advice for Aussie expats for years. For the first time I am going to release the workbook version for anyone to own.
I am currently finishing the workbook and its edits and will have this available for purchase shortly. However, I am going to give 30% off the $29.97 AUD purchase price for anyone who registers for a pre-order right now. As soon as we finish printing and have stock in we shall send you an email an honour the 30% discount.
It’s easy.
Just fill in the details below and we will keep you informed as soon as the workbook is ready. You can then buy it online with your discount code we shall email you, or you can forget it. No obligation.
I look forward to getting this to you soonest.
Warm regards
Todd
