Estate Planning

A Will

Having a Will is a very important part of your estate planning. Ultimately it will save your family time and money.

Despite a Will being a simple document to prepare, many people die without having made a Will, or die leaving a Will that is out of date and which does not accurately reflect their current circumstances.

By making a Will you:-

• take control of who gets your property and possessions after you die
• choose who will be in charge of the administration of the estate
• decrease the likelihood of your worldly goods ending up in the Government's and Tax Office's hands
• gives you freedom to decide who looks after your infant children

If you are married / defacto and want your worldly possessions to be passed on to your spouse / partner as in "what is yours is mine and mine is yours" and your affairs are straight forward a Mutual Will is a good place to start. 

If you are single then you need a Single Will.

NOTE:
If any of your assets are owned by entities, for example Pty Ltd Companies (including family owned), Trusts or Superannuation then it is likely you will need a more than just a Will. If this is the case we recommend you contact an Estate Planning professional to discuss your options further.

Powers of Attorney

A Power of Attorney another useful tool for estate planning. It is appropriate for all people to have a Power of Attorney.

A Power of Attorney is a formal deed whereby one empowers another to represent him/her for certain purposes. The person granting the power of attorney is called the donor or principal. The person receiving the power of attorney is termed the donee or attorney.

There are three types of Powers of Attorney available.

a) General Power of Attorney
b) Enduring Power of Attorney;  or
c) Enduring Power of Attorney (Medical)

Don't "dilute" the proceeds of your estate.

Now you know, you can start fixing the problem today and avoid any unnecessary tax or hardship. Please use our contact form and you will be contacted within 24 hrs.