Estate Planning


An important part of financial planning is to ensure that the assets accumulated during your lifetime are distributed in accordance with your wishes upon your death.

A common misconception is that the assets of an estate will automatically pass to a spouse or family on death.  The following assets, however, which can be of substantial value, may not necessarily form part of a person's estate:

  • The family home (if owned as joint tenants, it automatically passes to the remaining joint tenant);
  • An individual's superannuation entitlement (e.g. a person's death benefit); and
  • The proceeds of life insurance policies (depending on ownership).

Without an appropriate Will, specifying how you intend to distribute your assets, there is the risk that intended beneficiaries may receive little, or none, of your estate.

Estate planning is a complex area and appropriate professional advice should be obtained before making decisions are made.

Documents to consider with your solicitor:

  • Wills
  • Testamentary Trusts
  • Power of Attorney
  • Enduring Power of Attorney
  • Power of Guardianship
  • Anticipatory Direction (sometimes called a living Will)

Wills must be prepared by either a solicitor or Trustee company.  We can assist you in preparing instructions for a solicitor. This will assist you in your first meeting with the solicitor by giving a clear sense of what you wish to achieve.