Q. Why are more families thinking about succession and estate planning?
Australia is going through the largest intergenerational wealth transfer in history. Many families are asking how to pass on what they’ve built — like property, superannuation, or a business — without unnecessary tax, stress, or delays.
Q. Isn’t a will enough?
A will is important, but true estate planning goes further. It helps ensure your wishes are clear, your assets are protected, and your loved ones are looked after. For many, it also means planning how to minimise tax and transfer wealth smoothly during life or after death.
Q. What are the potential risks of proceeding without a well-defined plan?
Without professional advice, families may face unexpected tax bills, confusion, or even disputes. Every situation is different. Especially when there are blended families, family farms, or business assets involved.
Q. How can accountants and financial planners help?
At MB+M, we work with clients to:
Structure assets for tax-effective transfer
Review retirement assets including superannuation and pensions
Assist with business or farm succession
Plan gifts of inheritances during your lifetime
Collaborate with your solicitor to align your financial and legal plans.
It’s about more than money––it’s about protecting your legacy and reducing stress for your loved ones. Because a good plan today is peace of mind tomorrow.
If you require further information, please visit MB+M at 120 Nixon Street, Shepparton, call 5821 9177, or email: mbmozplan@mbmgroup.com.au
This column contains general advice only and does not take into account the needs, objectives and situation of any individual. You should consult with a licensed financial advisor and consider obtaining personal financial advice prior to making any decisions about aged care.
