Pass My Wealth
Coordinate your superannuation, insurance, and legal structures so your wealth passes as intended.
Whole-of-wealth coordination for HNW families with complex structures across multiple generations.
Buy-sell agreements, exit planning, and intergenerational transfer for businesses and partnerships.
General Advice Warning: Any advice on this site is general in nature only and has not been tailored to your personal objectives, financial situation and needs. Please seek personal advice prior to acting on this information. Before acting on this advice, consider its appropriateness to your objectives, financial situation and needs.
Pass My Wealth
Most Australians with significant wealth have a will. Very few have coordinated the financial architecture beneath it.
Superannuation does not form part of your estate. Life insurance follows its own rules depending on ownership and beneficiary structure. Business interests require separate succession arrangements. Trust structures have their own vesting dates, appointor provisions, and distribution rules. A will alone does not control any of these.
Build MyWealth works with high-income professionals, business owners, and HNW families to ensure the financial structures beneath the legal documents are coordinated, current, and capable of transferring wealth as intended.
Why Wealth Transfer Fails
The most common failure is not the absence of a plan. It is the presence of multiple plans that contradict each other. A will says one thing. A superannuation binding death benefit nomination says another. A buy-sell agreement assumes a third outcome. Life insurance proceeds are owned by the wrong entity or paid to the wrong beneficiary. And nobody reviewed the complete picture since the structures were originally established.
For families with wealth across superannuation, trusts, companies, and business interests, the coordination problem is not theoretical. It is the difference between wealth reaching the intended beneficiaries in a tax-efficient structure and wealth being eroded by tax, contested by family members, or tied up in administration for years.
How the Three Layers Work Together
Estate planning strategy addresses the coordination between your will, superannuation death benefit nominations, insurance ownership, trust structures, and powers of attorney. This is the financial layer of estate planning. It works alongside your lawyer’s legal documents, not in place of them. Build MyWealth coordinates with your estate planning lawyer to ensure the financial architecture and the legal documents are aligned.
Family office and private client advisory serves HNW families and family offices with complex structures spanning superannuation (including multiple SMSFs), discretionary trusts, corporate entities, direct property, and investment portfolios across multiple generations. Whole-of-wealth coordination at this level requires a single adviser who can see across all structures and all family members simultaneously.
Business succession addresses ownership transition, exit planning, and intergenerational transfer for family businesses, professional partnerships, and farming operations. The buy-sell agreement, the insurance funding, and the estate plan must work as a coordinated system. When they do not, the surviving business partner and the deceased partner’s family both lose.
Estate Planning Is Financial Architecture
Build MyWealth does not draft wills or trust deeds. That is your lawyer’s role. What we do is ensure the financial structures beneath those documents are coordinated, current, and optimised for tax. Specifically:
Superannuation death benefit nominations must reflect your current intentions, must be valid under your fund’s trust deed, and must not have lapsed. For APRA-regulated funds, binding nominations typically expire after three years. For SMSFs, the trust deed determines whether non-lapsing nominations are permitted.
Insurance ownership determines who receives the benefit, how it is taxed, and whether it reaches the intended beneficiary or falls into the estate and becomes subject to claims. The wrong ownership structure can create a tax liability that reduces the benefit by 17% or more.
Trust structures have vesting dates that may arrive before the wealth transfer is intended to occur. Appointor and guardian provisions determine who controls the trust after you. If these are not reviewed alongside the will, control of the trust may pass to someone other than the person you intended.
As published in: Australian Financial Review | Benefolk
Frequently Asked Questions
The most frequent gap is a lapsed binding death benefit nomination inside superannuation. The nomination was made at the time the fund was established and has expired without the member realising. The second common gap is life insurance owned by the wrong entity, creating an unexpected tax liability on the proceeds. The third is a buy-sell agreement that contradicts the will, meaning the business and the estate are pulling in opposite directions at the worst possible time.
We work alongside your lawyer, not in place of them. The financial coordination layer (superannuation nominations, insurance ownership, trust structure review, tax modelling on death benefit payments) is our role. The legal documentation (wills, powers of attorney, trust deed amendments) is your lawyer’s role. We initiate the coordination and ensure both sides are working from the same assumptions. Where you do not have an existing estate planning lawyer, we can refer you to specialists we work with regularly.
Any time your circumstances change materially: a new child or grandchild, a property purchase, a change in business structure, a superannuation balance crossing a threshold (particularly $1.9 million transfer balance cap or $3 million Division 296 threshold), a change in relationship status, or the death of a nominated beneficiary. If your estate plan has not been reviewed in the last three years, it is likely out of date.
Family office advisory coordinates across all structures and all family members simultaneously, rather than advising on a single fund or a single insurance policy. For HNW families, the interactions between the parents’ superannuation, the adult children’s structures, the family trust distributions, the corporate entities, and the philanthropic interests create a level of complexity that requires whole-of-wealth visibility. Standard financial advice typically operates within a single structure at a time.
Sangram Rana is an IFA Excellence Awards finalist: Risk Adviser of the Year 2022, 2023, and 2025, SMSF Adviser of the Year 2022 and 2023, and Client Outcome of the Year 2022. Published in the Australian Financial Review, Money and Life, SmartCompany, Inside Small Business, Professional Planner, Life Insurance Guide, CommBank Brighter Magazine, and Benefolk. Corporate Authorised Representative, Lifespan Financial Planning AFSL 229892.
For a detailed overview of our intergenerational wealth transfer approach, see our HNW Wealth Transfer page.
How Will Your Wealth Transfer?
Book a 15-minute call to review your current estate, succession, and intergenerational transfer structures.
Build MyWealth is a trading name of Accounting Cloud Pty Ltd. Sangram Rana is a Corporate Authorised Representative (ASIC No. 1306106) of Lifespan Financial Planning Pty Ltd (AFSL 229892). Suite 17, Level 3, 55 Collins Street, Melbourne VIC 3000. This page contains general information only and does not constitute personal financial advice.