When an individual dies, their assets generally become part of their estate and are distributed in accordance with their will. However as John points out in this video; there are often instances in which some assets don't automatically form part of part of an estate.
Helping to take all factors into consideration, John highlights the instances in which jointly owned assets, superannuation entitlements, proceeds of life insurance and any assets held in trusts or by companies don't automatically become part of your estate.
Always ensure you seek professional advice for your specific circumstances, the above is intended to be general in nature.
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