NSW wills, estate and succession planning
You know what they say about the only certain things in life. Advance planning can make that sad time easier on your family, and ensure that your wishes are carried out after your death. By getting a properly drafted will in place now, you can care for your loved ones long into the future. You may also wish to contest someone else’s will. Australian law recognises that sometimes, the terms of a will may be unfair. It gives people the right to make a claim against an estate if they are eligible. A will is part of your estate planning, but estate and succession planning go far beyond a will.
Estate and succession planning mean that you look at all of your assets and liabilities, decide what you want to happen to them in the future, and put the most effective strategies in place to achieve that. It takes into account taxation issues, inheritance law and risk management to protect your assets. It also anticipates a range of scenarios. For example:
- What happens if you become incapacitated and are unable to deal with your estate?
- Who do you trust to make medical decisions on your behalf if you cannot do so yourself?
- Do your current business structures meet your needs, and will they protect your assets against liability, divorce or bankruptcy risks?
- If you own a business, do you have documentation in place to determine what happens to it when you retire or become incapacitated?
How PENROSE LAWYERS
CAN HELP YOU WITH YOUR NSW ESTATE PLANNING
Our NSW Wills, Estates and Succession team are experienced in handling all the legal issues that might arise in relation to your estate. We will discuss your needs and wishes in detail, and prepare the documents you need.
These include:
- Wills
- Powers of Attorney
- Enduring Guardianship documents
- Testamentary Trusts
- Grants of Probate
- Issues relating to blended or second families
