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Protecting the legacy you pass to future generations is becoming more important.
Sadly this area is often overlooked. Often we become so focused on working towards our personal or business objectives that we forget about how to best to protect our loved ones after we have gone. Often this is overlooked and there are unintended and very unfortunate consequences.

Make Estate Planning a priority for you!

Passing your legacy to your loved ones

An effective Estate Plan is important to ensure your legacy is passed to those that you wish to benefit the most. Ideally you should review your Estate Plan every few years to ensure it is up to date.

A Will is the most common document used to create your Estate Plan.

If you do not have a Will and you are 18 years or older then you should contact us immediately, particularly if you:

  • own property
  • raise children
  • operate a business

Apply for a Free Consultation and we will consider your needs for an obligation free assessment.

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Your interests may not be protected

Review your Estate Planning if:
• You have become separated or divorced
• If you have a new partner
• If you have a “blended family”
• Your executor, guardian or beneficiary has passed away
• One or more of your children has special care needs or a disability
• If you have significant superannuation holdings
• If you have a self managed super fund
• If you have a complex business, trust or company structure
• If your adult children have a high risk of insolvency or a legal claim
• If you need to make a business succession plan.
Your current Will may not be suitable in these situations.

If you would like a review then please contact us for an obligation free assessment.

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What you may need

If you are 18 years or older then you should have a valid, binding and up-to-date Will.

There are specific requirements for a valid Will. Essentially a valid Will should:

  • be in writing
  • be dated
  • be signed by the will maker
  • be witnessed and signed by 2 independent people
  • nominate those to receive benefits under the Will
  • nominate the executors of the Will

Will making can be complicated. Entrust your legacy to a professional not a kit.

Use a Statement of Intention to give additional guidance to your Executors on the conduct or management of your Estate.

A Statement of Intention can be useful way of passing on specific gifts or to recommending that certain non-binding actions be taken by the Executors.

A Testamentary Discretionary Trust operates in a similar manner to a family or discretionary trust and can be a very effective tool to minimize tax implications to your beneficiaries.

A Special Disability Trust can be used to ensure that a beneficiary who needs special care and maintenance receives these benefits. This is particularly important to preserve social security benefits under the trust created by the Will.

Use an Enduring Power of Attorney to ensure that if you become incapacitated that those closest to you can still conduct your affairs. Consult a legal advisor to help you understand the potential benefit of this document.

Use  an Advanced Health Directive to ensure that certain medical treatment is withheld from you.

We can conduct a risk analysis to help you minimise risk of a claim against your Estate.

Not having a Will can be costly and time consuming for the family you leave behind. Letters of Administration must be applied for from the Supreme Court by the most appropriate person.

Provisions of the Succession Act are used to determine the entitlements of the various parties to the Estate. If you have no Will your wishes mean nothing.

Appointing the right person to raise your underage children you may leave behind is possibly one of the most difficult decisions you could make. Ask us to help you make the right decision.

Dad and son fishing in summer