Name: Gartly Advisory Pty Ltd
Price range: $$$

Estate planning is about looking after you and your family as the years of life progress.

Having a plan is half the battle when it comes to anything we do in our life.

Estate Planning is one of those plans that can add value in so many ways. I like the quote from Wikipedia about estate planning.

Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life, in the event the person becomes incapacitated and after death. The planning includes the bequest of assets to heirs and may include minimizing gifts, estate, generation-skipping transfer, and taxes.

Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can only be determined by the specific goals of the estate owner and may be as simple or complex as the owner’s wishes and needs directs.

We say to our clients when it comes to Estate Planning, doing nothing is not an option.

Questions around control, clear instructions of your wishes, assets, superannuation and taxes all come to play a role when it comes to making sure there is a robust outline of your wishes for you and your family.

Estate Planning For YOU

Having an estate plan ensures that the wealth you have created over many years is distributed to your loved ones, respecting your wishes and desires. Estate planning is about asking the hard questions.

It is very much about being organised and eliminating problems in the wind-up of your estate:

Have you a list of Assets, passwords and other items that others may need if you become incapacitated or pass?
Who holds your assets, jointly in a family trust as a business overseas?
What happens if you or your spouse suddenly pass away?
What provisions have you made or would like to make for your children?
Who will control your estate when you pass – who is your executor?
Will these change?
What is the likelihood of claims on your estate from estranged family members from the past?
Communication between family members when things need to be sorted– who is involved in the estate wind-up process and who isn’t?
How does your SMSF or superannuation impact your estate plan?
Who will sort out your final tax return and taxes after your death?
Should I start giving away my assets now rather than after my death