Estate Planning - Parkes

What is an Estate Plan?

Estate planning is the process of carefully arranging your legal and financial affairs to ensure that your assets are protected and distributed to your intended beneficiaries in accordance with your wishes, in an orderly and tax-effective manner.

A carefully prepared estate plan brings together your legal and financial affairs to protect your assets and ensure that your wishes are clearly understood and effectively carried out.

A Will - Do you need a Will?

The question "Do you need a Will" is one everyone should ask themselves and the simple answer to this question is "YES". It all comes down to "what do you want to happen to your estate". In NSW under Chapter 4 of the Succession Act 2006 (NSW), when a person dies without a valid will (intestate) in New South Wales, their estate is distributed to surviving family members in a strict, predetermined order of priority. [1, 2, 3]

While preparing a Will is an important part of planning your estate, a comprehensive estate plan should also address a range of other legal and financial considerations. These may include your superannuation, providing for vulnerable beneficiaries, tax planning, and appointing someone you trust to manage your legal and financial affairs if you lose the capacity to do so.

We work closely with our clients to understand their individual circumstances, priorities and wishes, and to develop an estate plan tailored to their particular needs.