Wills & Estate Planning

While it's something we may not like to think about, there will come a time when you'll need to leave your business or farm, whether by selling, retiring, or due to health reasons.

​

It is crucial to have a succession plan in place that ensures a smooth transition for yourself, your family, and your employees, minimizing the risk of having to sell the business or farm when you leave. Estate planning goes beyond drafting a will. It encompasses:

​

• Asset Assessment: Evaluating the assets within your estate.

• Taxation Assessment: Assessing potential taxation implications.

• Advice on Claims Against the Estate: Providing guidance on the likelihood of third-party claims against the estate.

• Asset Protection: Ensuring the protection of your assets.

 

Estate planning is an ongoing process that requires re-evaluation when life circumstances change, such as:

 

• Marriage or Divorce: Adjusting plans for newly married couples or those going through a divorce.

• Changes to Asset Pool: Revising the estate plan when there are significant changes to the family's assets.

• Business Changes: Updating plans in response to buying or selling a business.

• Superannuation, Insurance, and Taxation Changes: Modifying plans to reflect changes in superannuation, insurance policies, or taxation levels.

• Establishment of Discretionary Trusts: Creating trusts to manage and protect assets.

 

A successful estate plan involves the input of all family members and considers not only provisions for your retirement income but also the plans, aptitudes, and existing assets of the younger generations.

​

Contact Kekatos Lawyers today to arrange a consultation and ensure your estate planning is comprehensive and up-to-date.