Estate planning is not limited to the distribution of your assets after death.
It also involves making sure your affairs are in order before you die, and includes putting in place appropriate enduring powers of attorney and guardianship, superannuation nominations, and ensuring your assets are protected from creditors. It may include life and other insurance cover, family and other trusts, and superannuation or pensions.
Assets you may currently control in a family discretionary trust do not form part of your estate and cannot be dealt with under your Will. It is the trustee of the trust who decides who will receive income or capital from the trust. If you have a discretionary trust, an important part of the estate plan is to ensure that upon your death or incapacity, control of the trust passes to an appropriate person.
We will work with you, your accountants and financial advisers to put in place an effective estate plan for your individual circumstances.