The retiree of today has to consider many issues affecting the wealth they have accumulated over a lifetime of hard work.
You want the best for your family. You want your loved ones to enjoy a stable and comfortable life even when you are gone. You want a bright future for your kids and grandchildren. A good estate plan will give you assurance that your wealth or properties will ultimately end up in the hands of the people you trust and love. It helps you ensure proper management and distribution of your wealth when you die or become incapable.
That wealth will in most cases comprise assets held personally and jointly; in superannuation, insurance policies, by private trusts, companies and partnerships. How this wealth is held will also affect social security entitlements and the taxation of that wealth.
Estate planning involves planning how your wealth is to be owned, managed and preserved during your lifetime and how you want it distributed when you die.
At Connolly Suthers, we know what you want and we work diligently to make that happen. Whether you want to leave your wealth to your beneficiaries or you want someone you trust to facilitate the distribution of your assets when you are gone, our experienced lawyers can provide legal assistance. We have been helping clients prepare their Wills Binding Death Benefit Directions, Enduring Powers of Attorney and guide them through trips and traps of this process for many years. By providing guidance in estate planning, we helped many people avoid family disputes and other problems related to wealth distribution. We can do the same for you! Talk to one of our lawyers today.
You can increase the size of your estate by ensuring that it is passed onto your beneficiaries in the most financially efficient and tax effective way. This requires an understanding of complex rules, establishing and maintaining appropriate legal, family and investment structures and anticipating changes requiring corrective action.
Some people have more complicated lives than others in that they are a part of blended families or have beneficiaries with disabilities or special needs. They may also have children who are encountering marriage difficulties and do not wish to see their family wealth end up in the hands of an outsider.
Some people's wealth may also be at risk due to their profession or business activities in the event that they are not properly insured.
With a myriad of complex rules and regulations involving Bankruptcy, Taxation, Superannuation, Social Security and Succession and Family Law to consider, having anyone but an Accredited Specialist * assisting you with your planning could be disastrous. Why take the gamble? We can assist you and your financial planner and accountant with a range of issues in arriving at the perfect plan for you. Having just a simple will in most cases will not be enough.
We can assist you with:
Wills - basic (non-complicated) starting from:
Wills - involving testamentary trusts (starting from)
Enduring Power of Attorney (short and long forms)
Advance Health Directive
All prices are exclusive of GST
We've provided you with a list of things we need from you to properly look after your interests when advising you about your estate planning. Click here to view the list.
You have spent your life working hard—developing a nest egg. Over the years you’ve accumulated assets; perhaps you’ve established your own business or built up the family farm. You’ve watched your wealth grow.
Given the effort and energy you’ve put into your estate, it makes sense that you also invest in a plan for its future. Estate planning is about passing on your wealth to the next generation in a way that involves maximum benefit and minimum worry.
Estate planning is about managing your wealth ‘today’ so that it can be enjoyed by your family ‘tomorrow’. It’s about transferring your assets to the next generation in the most financially beneficial and hassle-free way. It’s about avoiding family fall-outs and doing all you can to ensure your next of kin do not have to suffer the emotional and financial cost of complicated court battles regarding your estate. It’s about giving the next generation more flexibility when it comes to how they want to use their inheritance.
Without a proper estate plan, your assets are vulnerable. There are a number of factors that can decrease the value of your wealth and interfere with how it is passed on to the next generation.
A good estate plan protects your assets against unnecessary tax. The laws surrounding tax are complex and constantly changing. Without expert advice, a large portion of your wealth could end up in the taxman’s pocket.
It’s also important to consider complications that can arise relating to bankruptcy, claims from creditors, family court disputes and insurance disputes. Without a solid estate plan, all these factors have the potential to impact the way your wealth is passed on to your family.
Estate planning is about ensuring your wishes are carried out when you are no longer able to have a say.
An estate plan gives you the power to nominate someone you trust to handle your wealth if you are incapable. You can also nominate guardians for dependant children or relatives with disabilities. An estate plan allows you to choose who is responsible for distributing your assets and making sure your wishes are adhered to when you are gone.
A comprehensive estate plan offers you peace of mind for what you leave behind.
Connolly Suthers practical approach ensures that our clients manage and distribute their assets in the most efficient way. We are always ready to help with anything related to Wills and Estates. Tell us about your needs or situation and we will draft a plan that will work best for you and your beneficiaries.
For advice on Wills and Estate Planning, please call or email: