WILLS & ESTATE PLANNING

Wills
Planning for your family’s future after you’re gone is a very important legal task. If you take the time now to make an effective legally binding Will, you can save your family stress in what will undoubtedly be a difficult time for them.

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We can assist with:

• Advising you in regard to estate and Probate laws

• Writing a will that maximises the inheritance for your family

• Setting up family and testamentary trusts

• Advising you in regard to choosing executors and guardians

• Minimising the chance that your will is contested and subject to litigation

• Safely storing your will and other important legal documents

At the same time as considering your Will, we strongly recommend that you also put in place documents. This will ensure that if you somehow become unable to make decisions about your finances, your medical treatment or living arrangements, then the person or persons who you trust to make these decisions can do so unhindered.

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Estate & Succession Planning
Nobody likes to think about it too much, but inevitably one day you will have to leave your business or farm, whether by selling up, retiring or leaving for health reasons.

It is very important to have a succession plan in place that makes the transition easy not only for yourself but also for your family or employees and minimises the chances of the business or farm having to be sold up when you leave.

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Estate planning goes beyond drafting a will – it includes:

• The assessment of assets

• The assessment of likely taxation

• Advice regarding the possibility of claims against the estate by third parties

• The protection of assets

Estate planning is an active process of re-evaluating the estate when circumstances in life change, such as:

• Newly married couples or those divorcing

• A change to the family’s asset pool

• A change in working conditions such as the buying or selling of a business

• Changes to superannuation, insurance policies or taxation levels

• The establishment of discretionary trusts​

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A successful plan is made involving all family members as it will take into account not only provisions for your retirement income but also the plans, aptitudes and existing assets of younger generations.