Estate Planning
Wills Advice are able to assist you in estate planning. Estate planning essentially attempts to avoid a beneficiary suffering financially, reducing the risk of challenges and intra Will disputes. Estate planning reduces taxes and creditor access to assets.
Wills Advice will be able to tailor an estate plan for your requirements. Things to look for however when planning an estate is to ensure such things as;
- An administratively cheap and simple plan
- A balance between assets for the provision of things necessary for life as well as enjoyment
- A strategy that ensures all of your dependants as defined under the Succession Act 1981 are provided for
- A strategy that ensures monies and assets are distributed in an effective manner, for example, the establishment of trusts for persons under 18 years of age.
In any event, a well planned estate is essential, and estate planning is one of the many services that your Wills Advice provide. It helps to protect your Will against challenges, minimise taxes and above all, ensure that your wishes are carried out after you die.
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Page Updated:
03-Nov-2004