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Estate Planning
Sydney
To discuss your Estate Planning needs please contact one of our qualified Financial Advisers at Future Wealth Group on Phone 1300 691 861 or [email protected].
Insight Into Estate Planning
We’d all like to leave a legacy and provide for those closest and dearest to us once we’re gone. Estate planning is an effective method to take an overview of your assets, consider how they’re structured and how you’d like them to be distributed after you die. It’s just as important to provide for yourself as it is for the future.
A will sets out how you want your estate to be managed and distributed after your death. It can also include the appointment of a guardian for your children. Without a will, management of your estate can be costly, time consuming and distributed according to state based legislation. It’s important to have a valid will and to review it regularly to make sure it is still in line with your intentions. While they may be effective for simple straight-forward estates, they don’t serve more complex estates as effectively. And a will with even a small flaw may lead to an expensive process if it is contested or it doesn’t have a residue clause which directs how to distribute assets not included in the original will.
Granting Power of Attorney
If you were to become incapable of handling your affairs, control of your assets could revert to a person appointed by a court. It would be more useful if you had an enduring power of attorney set up now so that if you cannot manage your affairs, someone you trust and have chosen to act for you, can make the important decisions affecting you and your affairs.
Selecting An Executor
An executor distributes your assets after your death. This involves applying to the Supreme Court for probate, which gives them permission to execute your will. It can be a difficult job if your will involves setting up trusts and lodging tax returns and you should ensure they are willing and that you have nominated an alternate as a back-up in case they pass away before you do or change their mind. You should consider appointing your solicitor or using a trustee company.
Giving Guardianship & Selecting a Family Trust
A guardian can make decisions regarding where you live and your medical care if you lose the capacity to make your own decisions. It’s important to select someone you trust as soon as any signs appear that you may need these decisions made for you.
A family trust, also known as a discretionary trust, is a common structure used by small businesses to share the business’ income in the most tax-effective way among beneficiaries within the family group and to protect family assets. It is most useful where the business is generating income and experiencing growth. It involves setting up a trust with a nominated trustee, who has responsibility for distributing the estate to your nominated beneficiaries. It can also be used to protect assets from dependants’ creditors or if a dependant isn’t capable of managing money.
Frequently Asked Questions
We will help you cut through the vast amount of information that is available online, government departments and well-meaning friends and neighbours. We will focus on highlighting the information and issues that are important to you and your specific financial situation.
The death benefit is usually paid to your nominated beneficiaries. The superannuation balance is transferred into the Cash option on notification of your death. The balance will be paid depending on who you have nominated as beneficiaries.
If you are insuring through your superannuation, you need to understand the difference between binding and non-binding beneficiaries and issues to be aware of. If you have insurance outside of superannuation, you can nominate anyone to be a beneficiary.
The best way to look after your family’s future is to ensure you have enough cover. To find out more Estate Planning phone Future Wealth Group on Phone 0424434060, Financial Advisers in Manly.
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Estate Planning Sydney
Planning your estate is a crucial step to ensure that your assets are distributed according to your wishes and that your family is well taken care of. Future Wealth Group offers specialised estate planning in Sydney services to help you organise your estate effectively. Our seasoned advisors are committed to providing customised and reliable estate planning solutions. From drafting wills to establishing trusts, we cover every aspect of estate planning. Trust us to guide you through this essential process with our comprehensive wills and estate in Sydney.
How We Assist?
Future Wealth Group employs a thorough approach to help clients with their estate planning needs, covering all necessary aspects to provide comprehensive solutions. We ensure that every detail is addressed, giving you assurance about the future. We work alongside legal representatives who specialise in estate planning to ensure your objectives are met. This collaborative effort guarantees that your estate plan is legally sound according to your unique needs and circumstances.
Creating Comprehensive Estate Plans
We focus on creating thorough estate plans that address every detail of your estate. Our advisors collaborate with you to understand your personal and financial goals. By matching the estate plan to your specific situation, we ensure that it encompasses all your assets, future needs, and the wellbeing of your beneficiaries. This comprehensive approach ensures that nothing is overlooked, and your estate plan is both robust and flexible, able to adapt to any changes in your circumstances.
Wills and Testament Drafting
One of the key services we provide is the drafting of wills. Our wills and estate advisors ensure your will is detailed, clear, and legally binding. We guide you through specifying the distribution of your assets and naming executors who will manage your estate.
A well-drafted will is crucial in avoiding potential disputes and ensuring that your estate is handled exactly as you intend. We take the time to understand your wishes fully and incorporate them into a document that stands up to legal scrutiny, providing you with confidence and security.
Trust Formation and Management
Forming and managing trusts is an important part of estate planning. Trusts offer advantages such as asset protection and tax benefits. We assist in establishing various types of trusts according to your needs, whether for family, charitable purposes, or other specific goals.
We work closely with legal representatives to ensure that each trust is properly structured and managed efficiently, providing continuous oversight to accommodate any changes in your situation. We handle all the complexities involved in trust formation and management, allowing you to enjoy the benefits without the administrative burden.
Power of Attorney and Guardianship
Setting up a power of attorney and guardianship ensures that your affairs are managed according to your wishes if you become incapacitated. Our estate planning in Sydney services include helping you appoint someone to make crucial financial and medical decisions on your behalf.
Additionally, we assist in establishing guardianship for dependents, ensuring their care and wellbeing are maintained. We ensure all necessary legal documents are drafted and executed properly. Our comprehensive approach covers all bases, ensuring that every aspect of your future care and estate management is planned.
Why Choose Future Wealth Group?
Selecting the right estate planning partner is essential. Here’s why Future Wealth Group is an excellent choice:
Expert Wills and Estate Advisors
Our team consists of knowledgeable wills and estate advisors in Sydney who are well-versed in estate planning laws and practices. You can rely on their expertise to provide sound, personalised advice that fits your circumstances. Our advisors stay updated with the latest legal requirements and best practices in estate planning, ensuring that you benefit from the most current and effective strategies.
We collaborate with legal experts specialising in estate planning to ensure your goals are achieved. This partnership ensures that your estate plan is both thorough and legally sound, designed to meet your unique requirements and situation.
Personalised Estate Planning Solutions
We offer personalised estate planning solutions designed to fit your specific needs. Whether your estate planning requires simple documentation or complex arrangements, we ensure our strategies align with your personal and financial goals, providing the most effective outcomes for you and your family.
Dedicated Support Through the Process
We offer continuous assistance and advice throughout the estate planning process. Our estate plans advisors will regularly review and adjust your plan as necessary to ensure it remains effective and aligned with your goals. We aim to build lasting relationships with our clients, based on trust and mutual respect.
Contact Future Wealth Group
If you need professional estate planning in Sydney services, Future Wealth Group is the best option. Our team of skilled advisors is ready to assist you with all your estate planning requirements. We are committed to providing you with the highest level of service and expertise, ensuring that your estate planning needs are met with care and precision.
Book Your Consultation
Secure your financial future by scheduling a consultation with our estate planning in Sydney experts. During the consultation, we will evaluate your financial situation, discuss your objectives, and create a customised plan tailored to your needs. Contact us today to book your consultation and take the first step towards comprehensive estate planning.
