Estate Planning

Whilst every family is different, what remains the same is the importance of planning for your current circumstances, as well as your foreseeable future.  

 

Estate planning is not just about having a Will to nominate who receives your assets after you have passed. Whilst having a current and valid Will is a critical part of an estate plan, an estate plan should also consider:

• Appointing Powers of Attorney to deal with financial and personal/general matters

• Appointing guardians to make decisions around health and lifestyle

• Appointing an executor to be your personal legal representative and administer your wishes when you have passed

• The use of testamentary trusts for protection of beneficiaries and tax minimisation

• Superannuation death benefit nomination options

• Business succession

• Taxation liabilities

• Any conflicts in your family and any possible, future claims to your estate.

 

A solicitor will provide you with the legal advice required and the relevant legal documents to establish/update your estate plan to cover your individual circumstances. 

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At Hodgson Financial Planning, we can discuss the above topics with you and refer you to a solicitor if you do not have one.

 

If you are interested in discussing your estate planning requirements, please contact David at Hodgson Financial Planning on 0401 936 224 or admin@hodgsonfinancialplanning.com.au