What is Estate Planning?

Estate planning is more than just a Will. It involves a holistic and detailed consideration of your wealth and the various legal vehicles it is held in as not all ‘pots’ of assets pass in accordance with your Will. The estate plan ensures that your wealth in all pots pass to your loved ones on your death in accordance with your wishes. In addition, it involves a consideration of how to safeguard your wealth if you lost capacity.

Particular caution is required in estate planning documentation for a number of reasons. Firstly, these documents only come into play once you are no longer here to see your wishes through. This means that it is vital that your documents are legally valid and accurately convey your intentions. Secondly, because many of your ‘assets’ may not automatically fall into your Will (such as jointly held property, superannuation or assets you hold in a family trust), you need to thoroughly cover off on all of the additional estate planning paperwork required, in addition to your Will.

One of our experienced estate planning lawyers and succession lawyers can help you formulate a successful strategy to pass all of your wealth to those you love most and reduce the risk of it going elsewhere. We specialise in succession law and have crafted thousands of plans to protect our clients’ interests.

Estate First Lawyers provide friendly, personalised, and confidential advice and documents around your estate planning, which provides asset protection, tax effective strategies and minimises the chances of an estate claim. Contact our estate planning lawyers to make an appointment or to find out more about how we can help you on 1300 132 567.