| Strategy ID |
Section |
Strategy |
Description |
| 157 |
Estate planning |
Power of Attorney/Advance Care Directive |
This occurs when there is no medical power of attorney in place and existing health is poor or worse (see Fact Find). |
| 158 |
Estate planning |
Retain/Commute a reversionary pension |
This recommendation is considered when a partner has just passed away. The default default recommendation is to maintain this unless the Transfer Balance Cap is impacted. |
| 159 |
Estate planning |
Direct assets via Will for Centrelink purposes |
This occurs if the optimisation engine determines that leaving assets to preferred beneficiaries other than spouse will result in additional Centrelink for that spouse. |
| 160 |
Estate planning |
Reversionary beneficiary |
For any new pension or annuity this recommendation is considered. This strategy is optimal under one of the following conditions: |
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- Client has children under the age of 18 and no spouse.
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- This strategy is automatically triggered if there is an older spouse that would result in a greater deductible portion (annuities)
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| 161 |
Estate planning |
Testamentary trust |
This strategy occurs under the following conditions: |
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- No testamentary trust in place AND one of the following is present:
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- Client/s have children to different marriages
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- Child or dependent has disability or dependency issue.
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| 162 |
Estate planning |
Binding death nominations |
Always recommended if not in place. |
| 163 |
Estate planning |
Establish a Discretionary Family Trust |
See other entities step to review when a trust is established. |
| 164 |
Estate planning |
Establish private company |
See other entities step to review when a company is established. |
| 165 |
Estate planning |
Pay dividend from private company |
Optimisation engine is able to determine the most tax advantageous way to distribute expected dividends to client/s. |
| 166 |
Estate planning |
Distribute trust income |
Optimisation engine is able to determine the most tax advantageous way to distribute income. Income type is split between capital gains and income. This enables the engine to consider existing personal CGT positions. |
| 167 |
Estate planning |
Update Will |
If the client does not have will, or will is not up to date. |
| 168 |
Estate planning |
Guardianship |
If client has children under 18 and guardianship has not being determined. |
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