Many of our clients comment “I will think about it tomorrow” when we ask how they think of estate planning. However, they later realise that estate planning is essential to properly distribute their current estates and investments to their loved ones before the worst scenario.
If you wish to plan for your estate, Ascent Lawyers can assist in dealing with your affairs. We will guide you in every step of the way to protect your assets and your loved ones.
What is estate and succession planning?
Estate planning enables you to plan or transfer your properties in advance before you pass away.
Is estate planning the same as a will?
Estate planning is more than a will, and may include considering the below aspects:
Enduring Power of Attorney
Superannuation Binding Death Nomination
Ascent Lawyers can assist in drafting your last will, in consideration of your estate planning. Estate Planning normally involves your accountant to build a strategy to maximise the benefits of your beneficiaries and reduce the taxation impacts, such as stamp duty, capital gain tax, and other challenges.
Ascent Lawyers will be with your in every step you take in your estate planning.
What does a complete estate planning involves?
Generally, a complete Estate Planning involves:
Assessing your assets, investments and estate
Advising on nominations of your attorney
Ensuring the ownership of your assets is passed on to the correct beneficiaries
Defend your estate against potential beneficiaries other than loved ones in your will
Reducing tax payable by your estate
Creating a will and a statement of wishes
What can estate planning lawyers do for me?
Estate planning is a long term strategy, more than a financial planning.
Ascent Lawyers can assist in creating a reasonable estate planning financially and legally that emotionally suits you. We are here to help starting from estate planning, will drafting, through to the time when your will is to be executed.
What are the considerations for planning my estate?
To properly protect you and your family, you need to make the following considerations: