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Wills and Estate Planning
Creating a customised Estate and Business Succession Plan ensures the smooth transition of assets and wealth from you to your loved ones.
At Wallace & Wallace Lawyers, our team of expert Estate Planning Lawyers are committed to providing you with comprehensive “Wills and Estate Planning” advice focussed on protecting you if you ever become incapacitated and ensuring the smooth transition of wealth from you to your loved ones on your passing.
We can assist you with:
Our team is well equipped to assist you in navigating the complexities of life – be that blended family circumstances, beneficiaries with disabilities or special needs, beneficiaries encountering marriage or relationship difficulties (which gives rise to a need to put in place mechanisms to avoid the wealth generated by your family ending up in the hands of an ‘outsider’), bankruptcy risks, financial risks due to professional or business activities, tax considerations, social security considerations, or a combination of these circumstances.
Our team also has a thorough knowledge of the complex rules and regulations relevant to developing a comprehensive estate plan. We have extensive experience in providing “Wills and Estate Planning” advice, working together with other trusted advisors (including accountants and financial planners) and implementing plans and structures to ensure your wealth is protected, managed and preserved during your lifetime, managed by those you trust in the event of your incapacity and distributed to those you wish to benefit in the event of your death (with appropriate protective mechanisms, where relevant).
Having a ‘simple Will’ in most cases, is not enough. At Wallace & Wallace Lawyers, our experienced team is committed to helping you implement an estate and/or business succession plan, tailored to your circumstances, that protects your interests and secures your legacy.
When should I update my estate plan?
You should review/update your estate plan if any of the following apply to you:
- ownership of assets within Trusts, Companies or Self-Managed Super Funds
- marriage, separation or divorce
- death of a spouse, beneficiary, executor or attorney
- birth of an additional beneficiary
- a breakdown in your relationships with the people you have named as beneficiaries, executors, attorneys or guardians
- changes in the needs of your spouse, children or grandchildren
- changes in your assets or financial circumstances (for example as a result of the sale or transfer of assets, inheritances, bankruptcy)
- blended family situations (including taking on dependents)
- risks to your beneficiaries of bankruptcy or relationship breakdowns
- retirement planning
- a decline in your health
