Enduring powers of attorney may also cover your personal and health matters (as they do in Qld and Victoria) or you may need additional documents such as an Enduring Guardian, if you live in NSW. The primary documents you need are an enduring power of attorney to cover your financial matters. The benefits of getting the right tax advice in your inheritance planning are significant. There are also tax saving opportunities available if you take advantage of them in your Will. There are so many tax opportunities to take up and so many tax pitfalls to avoid! An estate plan provides you with an overall tax strategy, a Will does not.
Our team’s advanced knowledge and expertise as wills and estates lawyers mean that you can rest assured that you are in the right hands when it comes to preparing your estate plan. It is important to us that you have peace of mind that your wishes will be achieved in the future. Our team of dedicated estate lawyers simplify the complexities of estate planning for you, by offering practical, plain English advice. “A truly first-rate experience. Our affairs were reasonably complex and Kylie and her team were incredibly tuned into our needs and unique circumstances. I have been exposed to many legal firms over the years and this experience was brilliant. Would highly recommend.”
Handing over the reins of a family business to the next generation isn’t always straightforward. They can be beneficial as part of your estate planning as they offer asset protection and the flexibility for tax-effective distribution of capital poli pay casino and income. Depending on the state you live in, an enduring guardian is someone you appoint to make lifestyle and health decisions on your behalf, if you don’t have the capacity to make the decisions for yourself. While the documents to complete differ in each state, in general, you can appoint people for either financial or medical decisions. Written instructions on how you want your wealth distributed when you pass away is one of the most important steps in estate planning. Given that we will all pass on one day, don’t leave the nest egg you’ve earned over a lifetime to chance.