Succession planning is not just about making a will, it is about devising a strategy to ensure that the benefit of your assets passes to the right people, at the right time and that the right controls are in place when that happens.
We advise clients on the best way to pass on their personal and business assets, whether during their lifetime or at the time of their death.
When drafting a legally binding will, we work with you to choose:
- Executors – trusted individuals who will take responsibility for settling your affairs after your death, in the way you would wish
- Guardians – who make important decisions about your children under their care such as where they should live and which school the children will attend
- Trustees – often the same people as the executors, trustees may hold and manage assets for the benefit of others
- Asset protection structures, such as trusts, to control the management of assets for young or vulnerable beneficiaries
- The ultimate destination of cash, personal effects, property and other assets which would otherwise pass under the laws of intestacy
At the same time, we also explore other aspects of succession planning, such as lifetime gifts, reorganising business interests and family trust arrangements.
Our practice focuses on both private clients and trustees. Our private clients rely on us when drafting wills or setting up specialised trusts and need solutions to address complex and unique concerns. Trustees rely on us to develop creative solutions that integrate and accommodate the associated issues of control of entities, taxation and superannuation.
Please contact our offices if you would like to discuss your needs on 02 9552 2111
