Practice Areas

Estate Planning

Our estate planning services help you to ensure the administration of your finances are carried out according to your wishes, in the most efficient way, in the unfortunate event of your death.

This can range from just a simple Will to much more including appropriate asset protection strategies and setting up discretionary testamentary trusts within your Will to distribute your estate to your beneficiaries in a tax efficient manner, minimise the possibility of challenges to your Will, avoid family disputes and costly litigation, minimise capital gains tax, protect your estate from claims from divorce, bankruptcy or creditors.

Wills

For many people their two largest assets, their house and superannuation, may not form part of their estate. You need to know exactly what your estate consists of before preparing your Will. For people with more complex estates more issues arise.

Your Will is a document that will become of great importance at a time of distress for the people who are likely to be most affected by it's content.

Other issues that require consideration are the possibility of challenge by disgruntled family members and strategies to reduce the risk of this occurring. The effective use of a testamentary trust can give extraordinary flexibility to your executors to enable significant tax savings while minimising the effect on pensions or other social security provisions. For more information about Trusts see the comments under that heading.

The Process involves considering your assets and liabilities, considering your testamentary intentions and drafting and finalising a valid Will.

Simple Will - for example a will that appoints an executor or executors and leaves all of your property to your spouse or all of your property to your children equally.

The fixed fee for a Simple Will is $250.00. Usually this can be completed within a few days.

The fixed fee for an Urgent Simple Will is $350.00. Usually this can be completed within 24 hours.

Standard Will - for example a will that appoints an executor or executors and leaves various specific gifts to some people and the rest of your property to your spouse, or if they pre-decease you to your children equally and so providing for the most common situations.

The fixed fee for a Standard Will is $500.00. Usually, this can be completed within a few days.

The fixed fee for an Urgent Standard Will is $350.00. Usually this can be completed within 24 hours.

Complex Will - for example a will that appoints an executor or executors and contains various trusts providing for specific things to be given to people in controlled circumstances and providing for various alternate situations.

The estimate fee for a Complex Will is $1,000.00


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