An ESTATE PLAN ensures you and future generations gain maximum benefit from your estate.
Estate planning is not just about making a Will to deal with a person’s assets after their death. Ideally, it should be an ongoing planning process. Consideration needs to be given to present circumstances, future goals including wealth creation, preservation and distribution. Click here
Making a Will
The final step when creating an estate plan is the making of a valid will.
There are many factors to consider when making a will. Not only do the needs of prospective beneficiaries need to be analyzed and catered for but other financial resources held for the benefit of, or controlled by the will maker, such as superannuation entitlements and interests in trusts which do not form part of the will maker's estate, require consideration. To find out more, click here
Powers of Attorney
If you were to lose the capacity to handle your financial affairs or choose your medical treatment (or wish not to be kept on life support) who would you want to make those decisions for you? Click here
Superannuation and other trust entitlements
Apart from the family residence, superannuation is fast becoming a person’s largest financial resource. Superannuation benefits and assets held in a family trust usually do not form part of the deceased’s estate. To find out more, click here
Business Succession Planning
A business succession agreement should be part of an estate plan for anyone setting up a business with other equity participants. Amongst other things, such an agreement should ensure that there is an ’exit’ to enable a withdrawal of capital from the business.The need to exit may be due to reaching retirement age, a dispute with other equity participants, sickness, death or simply the desire to become involved in a different business enterprise.
What should a business succession agreement contain? Click here
