Benjamin Franklin famously observed that “in this world nothing can be said to be certain, except death and taxes.” But anyone who practises in succession planning knows that the one thing most people cannot predict with any certainty is when death will occur, what their family circumstances will look like when it does, or what challenges their children and grandchildren may face decades into the future.
That uncertainty sits at the heart of modern estate planning and explains why Australians preparing wills are overwhelmingly concerned with flexibility, protection and stewardship rather than tax implications.
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