Estate Planning

Estate Planning is fundamental! We look at whether your current structures are effective for you. Estate planning is often overlooked or pushed to the backburner because it’s difficult for a number of reasons:

  • People have to start to address their own mortality
  • Family dynamics of death can be difficult to deal with
  • Judgement calls on whether children are capable of handling their inheritance need to be made
  • Parents assessing the stability of their children’s marriages and not wanting their hard earned money going to their daughter or son in law through divorce proceedings

Our role is to help people understand these issues and the potential impact on how they want to leave their estate. We help clients to get clarity and then arrange for them to speak to an estate planning lawyer to set up the legal structures.

Our primary test of a Will is the right amount of money in the right hands at the right time.

Your Will

A poorly considered and drafted Will can open up protracted, bitter and expensive legal battles between the beneficiaries.

One of our clients complained that their will cost them $4,000 to prepare. Our response was the cost of one barrister in court for one day defending a poorly considered and drafted Will can cost upwards of $10,000, all payable by your estate. In the most extreme case we have seen, a $5 million contested estate led to legal fees for all parties exceeding $1 million. The people defending their estate lost in court and $1.2 million of the estate was handed over. So from a $5million estate, after the legal wrangling was over, there was $2.8 million left!

Your Will is the first thing we look at because it ensures that the right amount of money goes to the right people at the right time. (Click here to read some of our case studies).

Enduring Powers of Attorney
Enduring Guardianship
Prior Medical Directive
Philanthropic Giving/Planning