Estate Planning

What happens to your assets if you are unable to determine how they will be distributed or looked after? Who will they go to and what will be done with them? Estate planning ensures that your assets pass to your intended beneficiaries. The estate planning process is complex and often involves:

• The creation of a will

• The appointment of an executor of the will

• Establishing trusts

• Power of attorney

Estate planning is important as it can assist you in minimizing your estate's tax liabilities (e.g. superannuation, capital gains tax savings) and protects your beneficiaries' inheritance in the event of bankruptcy or divorce. Estate planning can also minimize or eliminate death benefits tax.

In order to ensure that everything is carried out correctly and that your assets are passed to the intended beneficiaries only, it is important that you consult a legal professional when drafting wills, power of attorney, binding death benefit nominations, and when establishing trusts.

If you like more information or advice regarding Estate Planning or if you have another Wills & Estate Planning matter, please complete and submit the Express Enquiry form on the top right hand side of this page and we will contact you to discuss your enquiry or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.