After your gifts have been allocated and your debts paid, your estate can be distributed to the beneficiaries of your choice. You can nominate multiple beneficiaries. If you leave your estate to more than one beneficiary you can divide your estate into any sized portion you choose, as long as the total equals 100%.
Your estate will include any assets that you own. Examples include real estate, cash in the bank, shares, motor vehicles, digital assets and personal possessions, such as furniture, paintings and jewellery.
There are different ways to be the legal owner of assets, these include joint ownership and ownership as tenants in common. A simple way to think about joint ownership is like having a joint bank account. Ownership as tenants in common may be with 2 or more people and in equal or unequal shares.
Assets held as joint owners, owned by a family trust and your superannuation generally will not form part of your Estate.
Click Next to nominate your beneficiaries and the percentage they will receive.