Estate Planning

Your Estate is made up of all forms of property owned by you or controlled by others for your benefit.

Planning results in your estate being managed in a way that meets your needs and objectives.

What do you think makes up your wealth:

  1. Financial Assets?
  2. Estate including Business Structures?
  3. Family Relationships?
  4. Family Talent?
  5. Community and Social Connections?

How is your wealth to be preserved and transferred over time for the benefit of you and your successors?

Who will represent your interests in the event of your disability, incapacity, absence (e.g. travelling) or death?

Estate planning provides an orderly process for us to consider with you how you and your estates structures are to be managed for the benefit of yourselves and your successors.

Estate planning provides context and predictability of the management of your affairs both during and following your life.

Special Situations need careful thought

If any of the following issues apply to you, we need to discuss how these matters may affect how we work with you:

  1. Do you, any member of your family or representatives have more than one passport or were born outside Australia?
  2. Do you or any member of your family have any disability or vulnerability requiring special consideration in the management of your affairs
  3. Are you or do you control a trustee of any trust (e.g.Self Managed Superanuation Fund, Family Trust or Trading Trust)?
  4. You have substantial wealth outside your direct, personal ownership.
  5. You are concerned about the stability or endurance of any domestic relationship within your family group.
  6. You are concerned about the solvency of yourself or any business in which you are interested.

Estate Administration Strategies

Affairs Management

By our client

For our client

Representation

During Life

Following Death

Wealth Preservation

Wealth Transfer – (inside and outside your will)

Management Succession

Ownership Succession

Legacy / Social and Community Contribution

To start – what is your situation?

Have you already considered these strategies when you were deciding how your estate administration plan is to operate?

Your circumstances change over time. It is worthwhile having a situation review discussion when if your circumstances have changed since your last review such as when:

  1. You have purchased real estate, sold or established a business
  2. You, your children or representatives have married, divorced, separated or started a de facto domestic relationship
  3. You have formed a company, trust partnership or other enterprise
  4. You have signed a contract that may survive your death
  5. You have received an inheritance.
  6. You have decided to retire from full time work.

What next?

Whether your circumstances have changed or you just want to check in how your affairs will operate in the event of your disability, incapacity or death, it is worthwhile us having a meeting to discuss your concerns and work out if anything needs to be done to improve your situation.

At worst we will confirm you are on course with your current arrangements

Please call us or your normal contact in the firm to arrange a discussion.

For new clients, the first 40 minute discussion is without fee or obligation and will follow the situation review outline on our website.