ESTATE PLANNING AND DECEASED ESTATES
Despite the complexities that can arise with a deceased estate, about half of Australian adults do not have a Will. With the growth of personal wealth and more complicated family circumstances, it is increasingly important for clients to properly plan their affairs. With an increasing amount of personal wealth now held in superannuation, a simple Will is often no longer adequate.
Working closely with accountants and financial planners, we ensure proper consideration is given to a person’s particular requirements. Being proactive helps our clients minimise any potentially contentious issues, and feel more confident about eventual outcomes.
We help guide our clients through the issues requiring consideration, including:
Choosing the right executor
Estate and non-estate assets
Control of business, company and trust assets
Control of self-managed superannuation fund in the event of death or incapacity
Dependants and taxation issues
Superannuation death benefit nomination
Use of testamentary trusts or a special disability trust
Provision for beneficiaries in difficult circumstances such as
disabilities, drug, alcohol or gambling problems
Taxation and asset protection issues
Guardianship of minor children
Minimising the risk and effect of a claim against the estate