Comprehensive Estate Planning in Sydney
Effective estate planning in Sydney involves more than just preparing a valid will. It requires a strategic approach that considers your current personal and financial circumstances, family dynamics, and long-term goals. At MJSL, our experienced estate planning lawyers in Sydney can guide you through every aspect of the planning process to protect your wealth and loved ones.
A well-structured estate plan takes into account a wide range of scenarios, both expected and unforeseen, such as:
- Preparing for the inevitable – having a valid will to appoint an executor and to determine who receives your assets when you die.
- Planning for the unforeseen – ensuring a power of attorney is in place so your legal and financial affairs can be dealt with by somebody you trust for your convenience, as you age, or if you are incapacitated.
- Preparing an advance care directive to make clear your wishes concerning your future health care, end of life, and living arrangements if you are incapacitated.
- Ensuring your estate maintains value and distributing assets in the most tax-effective manner, using a tailored approach specific to your circumstances.
- Protecting vulnerable beneficiaries – creating trusts to help safeguard at-risk beneficiaries from third party creditors, estranged partners, or unwise spending due to incapacity, disability, or dependency.
- Minimising the potential for estate disputes or a family provision claim being made against your estate after you die.
- Business succession planning – to ensure that appropriate arrangements are in place to deal with business interests through future generations.
Asset Protection and Testamentary Trusts
Our estate lawyers in Sydney are experienced in implementing asset protection strategies to ensure your estate is passed on according to your wishes. Structuring your affairs to reduce risk is a key component of comprehensive estate planning.
A testamentary trust is a powerful tool included in a will. It takes effect upon your death and allows a trustee to manage and distribute assets to your beneficiaries under defined terms. Testamentary trusts are useful for:
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Protecting assets for young or vulnerable beneficiaries
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Shielding inheritances from third-party claims
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Providing tax advantages and flexible income distribution
While establishing trusts can be complex, our estate solicitors in Sydney will provide the advice you need to ensure your trust is compliant, effective, and aligned with your overall estate planning goals.
Business Succession Planning
If you own a business, succession planning is an essential part of your estate planning in Sydney. Unexpected events such as death, illness, divorce, or retirement can significantly impact your business. A succession plan ensures continuity and can include:
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A clear plan for winding up, selling, or passing on the business
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Legal and financial steps required to facilitate transition
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Protection mechanisms like “key person” insurance
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Structuring to protect the business as part of your estate
Work with Experienced Estate Planning Lawyers in Sydney
Every family is different, and a successful estate plan should reflect your unique situation. Our estate planning lawyers in Sydney work closely with individuals, families, and business owners to create personalised plans that protect assets and minimise risk. Whether you need advice on wills, trusts, powers of attorney, or business succession, we are here to help.
To speak with experienced estate solicitors in Sydney, contact in**@******om.au or call 02 7256 7050.
