Wills

Nobody likes to think about it too much, but inevitably one day you will have to leave your business, farm, other assets and personal effects to someone else whether by selling up, retiring or leaving for health reasons.

It is very important to have a succession plan in place that makes the transition easy not only for yourself but also for your family or employees and minimises the chances of your business or farm having to be sold up when you leave.

Estate planning goes beyond drafting a will – it includes:

• The assessment of assets
• The assessment of likely taxation
• Advice regarding the possibility of claims against the estate by third parties
• The protection of assets

Estate planning is an active process of re-evaluating the estate when circumstances in life change, such as:

• Newly married couples or those divorcing
• A change to the family’s asset pool
• A change in working conditions such as the buying or selling of a business
• Changes to superannuation, insurance policies or taxation levels
• The establishment of discretionary trusts

We can help provide you with peace of mind and reduce family disputes amongst beneficiaries.

Contact us to find out more or to arrange a consultation with an experienced estate planning lawyer in Hobart & Sydney.