Asset and Estate Planning

Asset and estate planning helps you plan for the future to ensure you can control future ownership of your assets and reduce risk.

Asset and Estate Planning Objectives

Asset Protection

• To protect assets you bring into a marriage or relationship
• To protect personal assets from business risks.

Estate Planning

• Provide for dependants such as children and grandchildren (e.g. for their education or if they have physical or other disabilities) and plan for continuity of family ownership
• Guard against unwanted claims on your estate
• Give support to charities through bequests or charitable trusts.

Financial & Taxation Planning

• Retirement planning
• Income tax efficiency.

Be Prepared For Change

Asset and succession planning arrangements must be kept up to date

• Circumstances and relationships change - marriage, separation, children, buying or selling property. For example, a will made before marriage is generally automatically revoked when you marry.
• Your views and wishes change. Is that still how you want your estate divided?
• Are the executor, trustees, guardians or beneficiaries nominated in your trust or will still appropriate?
• Asset ownership changes. For instance, you should update your will if you establish a trust.

Asset Planning Instruments

A range of asset and estate planning tools are available, including:

• Trusts
• Wills
• Enduring Power of Attorney
• Other legal structures such as companies, partnerships and joint tenancies.
• Contact us today