TRUST, WILLS AND ESTATE PLANNING
Managing your assets for later in life requires thoughtful consideration.
We will advise you on the options available to help you plan for the future, whether that means forming a family trust, altering the structure in which assets are presently owned, preparing wills or providing you with general estate planning advice.
Family trusts are being increasingly used for the purpose of protecting assets and managing them for future generations. Whether a trust is a good idea for you depends on your particular circumstances. A trust is a separate legal entity which can own assets, invest and borrow money, and operate a business. There are strict rules governing their operation and it is possible that property transferred to a trust could be claimed back, which may defeat the purpose for which the trust was set up. We will discuss with you the advantages and disadvantages of a trust so that you can determine whether one is for you.
A will sets out your wishes as to what should happen to your assets on your death and how you wish you family to be provided for. It is one of the most important documents you may ever sign. Everyone’s circumstances are different and they continue to change so it is important to have a will that is up to date and reflects your wishes. It is possible for a will to be challenged so your wishes need to be written in such a way that they have the legal effect you intend and that the provision you make for your family is fair. We can advise you about this and may alternatives you may need to consider.
We can help you with:
- wills
- powers of attorney
- probate and administration
- personal asset protection and estate planning