Estate succession planning can be a wise investment in the future harmony and stability of your family.
Succession planning aims to preserve the value of your wealth, and create certainty for the benefit of your loved ones when you’re no longer around.
It helps you avoid adverse consequences for your loved ones in case you suddenly pass away.
WillClaim can assist you with estate succession planning.
Our advice may consider tax implications arising from estate management after your death, protecting your beneficiaries’ inheritance, and protecting against elder abuse.
Without succession planning in place your estate can be exposed to the following risks:
WillClaim can help you create your testamentary trusts to achieve tax savings on distributions after you pass away. This trust is created pursuant to your Will so your beneficiaries can save significant amounts of tax. It also helps protect your assets from loss through divorce, separation or financial distress.
We ask our clients to consider the benefits of establishing a testamentary trust if they want to:
In NSW, the following Testamentary Trusts are often created:
Professional estate Planning can help your family avoid Will disputes. You can better understand the risks of inaction by considering the most common causes of disputes, and the legal remedies available to aggrieved parties: