Why Your Will Might Not Protect Your Family Wealth

Your will may not determine who controls the assets held in your family trust. Pat Mannix explains how living estate planning can help business owners prepare for succession, manage tax implications and reduce family disputes.

Who really controls your family trust when you’re gone?

Having an up-to-date will doesn’t necessarily mean your business assets, investments and family wealth will pass on as you intended.

In this video, Cotchy founder Pat Mannix explains why traditional estate planning may not be enough for business owners with assets held in trusts and companies.

Discover how living estate planning, separate family trusts, bloodline clauses and trustee company succession can help protect family wealth, reduce potential tax consequences and avoid disputes between the next generation.

Want to review your family trust structure? Book a chat with Cotchy.

Disclaimer: General information only. Tax, legal and succession outcomes depend on individual circumstances. Trust arrangements do not guarantee asset protection or particular tax outcomes. Cotchy provides tax and business advisory services, not legal or financial product advice, and does not hold an Australian Financial Services Licence (AFSL). Seek appropriate professional advice before making decisions.

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