SeniorLaw Sydney we know how important planning
for the future is to all our clients.
planning is not simply the drafting of a Will. It
is a whole process that looks at your present stage
in life and concentrates on you, your family and
asset protection. A program is put together that
will cover your present stage in life, incapacity
risk management for the future and protection and
transfer of wealth.
planning begins during your life, requires periodic
review and can continue long after your death.
asked if they have an estate plan many believe they
own ‘very little’ and insufficient to
warrant attention. This often disregards the rising
values of real estate, future inheritances and accumulating
estate planning is a process involving both the
client and solicitor working closely together. To
determine your estate planning needs we have included
a trigger sheet “My estate planning goals”
for your assistance.
of the first steps in estate planning is taking
a complete financial inventory. We then look at
your family relationships with a view to minimising
will disputes and deciding who will be the key person
or people involved in managing your affairs upon
incapacity or death. The distribution of your assets
that will be included in your estate for probate
will be planned having regard to specific gifts,
monetary legacies testamentary trusts and residuary
estate. No death duties apply in NSW however the
transfer of assets must be considered with reference
to capital gains tax. This is sometimes referred
to as ‘death duty in disguise’!
strive to link your financial and family details
to your estate planning goals to create the building
blocks of an imaginative and effective estate plan