What is estate planning and why is it important in Australia?

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Estate planning is the process of creating a plan for distributing your assets after you pass away. It involves preparing legal documents such as wills, trusts, and powers of attorney to ensure that your wishes are carried out properly. In Australia, proper estate planning can help avoid family disputes over inheritance, minimise taxes and other legal fees, and provide financial security for loved ones left behind.

Comprehensive guide to estate planning in Australia