Our Services
Estate Planning
Estate planning involves arranging your affairs in such a way that they benefit you today as well as your beneficiaries should you die.
More complex estate planning can involve setting up the best ownership structure for your assets, examining the taxation position of family members, and developing a succession plan for ownership of family businesses. Taxation issues, particularly the effect of Capital Gains Tax on the family's finances, is another major consideration.
Everyone can benefit from estate planning, regardless of the amount of money you have or your family status. In particular everyone should at least have a valid will, which should be reviewed every three years or so, or on major changes such as marriage, divorce or the birth of children or grandchildren.
No matter what your personal circumstances are, estate planning aims to place your financial affairs on the strongest possible foundation and to ensure maximum effectiveness in the transfer of wealth to your beneficiaries.
It's a logical extension to the financial planning process. Having put your financial plan into place to ensure your family's future financial security, it doesn't make sense to leave that security open to the interpretations of taxation laws, Capital Gains Tax, or having your estate disbursed in a way that you wouldn't have wanted.
Another aspect is the potential effect of second or third marriages and/or de facto relationships, particularly when there are children from both present and previous relationships. The family structures which develop require careful consideration of the ownership of family assets and the conditions of the will.
Would you like to know more? Contact us today!
