Australian Financial Services Licensing (AFSL) Forum

#5507 Reply

Lawrence

Thank you for your reply.

Estate plans cover what to do with your superannuation/life insurance that is held inside your super etc, but also covers outside of super assets and usually set up a testamentary trust. The advisor changes the fee from the superfund as he has the authority to do so, but the fee is then passed mostly onto the lawyers who create the will/estate plan.  As the same estate plan / will covers both inside and outside of super assets, you cant determine which part of the fee is for what – if that makes sense.

 

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