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Estate Planning

Provide for dependants such as children and grandchildren (e.g. for their education or if they have physical or other disabilities) and plan for continuity of family ownership;

 

  •     Guard against unwanted claims on your estate.

  •     Give support to charities through bequests or charitable trusts.

  •     Financial & taxation planning.

  •     Retirement planning.

  •     Income tax efficiency.


Recent changes in legislation and modern family structures mean that a careful approach to estate planning is very important. In the past, specifying in a Will who would benefit from your assets when you died was usually sufficient; however, this is no longer the case.

The aim of Estate Planning is to minimise emotional and financial hardship for the people you care about. To establish a comprehensive estate plan you will need to:

 

  • Consider your circumstances and the options available to you.

 

  • Set up clear, legally recognised arrangements that will ensure your wishes are carried out in the event of your death or incapacity.


A current Will remains the cornerstone of a good estate plan. However, depending on your circumstances, a Trust may also be necessary to protect your assets. You should also set up Enduring Powers of Attorney to provide for your personal care and welfare, as well as the ongoing management of your assets and financial arrangements, if you should become incapacitated.

If you do not have a lawyer available, we can refer you onto one.
 

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