Estate planning involves more than just having a will in place. It is about securing your assets to ensure those you care for are provided for in the most tax effective way, in the event of your incapacity or death, or even arising from bankruptcy or legal prosecution.
At Clinch Long Letherbarrow, we have significant expertise in helping our clients to protect their assets and provide for their loved ones through expert estate planning.
Our estate planning services include:
Reviewing your assets (including property, investments, superannuation and life insurance) and their ownership structures
Examining key estate planning issues that apply to your circumstances with a goal of minimising taxation and implementing tax-efficient structures for asset ownership
Identifying the best way of providing for your dependants, and minimising potential claims against your estate
Reviewing the protection of your assets (including once they are in the hands of your beneficiaries after you die) against creditor and relationship breakdown risks
Preparing documentation to give effect to the identified solutions, whether it be wills, testamentary discretionary trusts, superannuation death benefit nominations or a restructure of family or business structures (such as family trust trustees, business succession agreements or the like)
Putting in place documentation to deal with incapacity (including powers of attorney, appointment of enduring guardian and/or living wills)
Preparing and reviewing family trust deeds and superannuation deeds to ensure they are current and relevant
Advising on and implementing testamentary trusts which can offer taxation and asset protection advantages.