Kurt Topper leads our Wills & Estates team and he is the only Law Society of NSW Accredited Specialist in Wills & Estates Law in the Illawarra and greater South Coast region.
We provide a holistic and comprehensive approach to estate planning and this is enhanced by our strong professional relationships with other advisers in areas of taxation, accounting and financial planning.
It is important to think about your estate planning because life is never static and changes often occur over time to relationships, family, health and financial circumstances.
Failure to consider, plan and give attention to changing circumstances and objectives may result in the reduction in value of assets (e.g. by unnecessary taxation), loss of assets (e.g. in the event of relationship breakdown or bankruptcy) or loss of control (e.g. upon ill-health or incapacity). Upon your death or during your lifetime, your changed circumstances can result in reduced wealth to beneficiaries and limited flexibility, unnecessary taxation, and benefits or control going to the wrong persons which may lead to costly disputes.
The common ‘trifecta’ of estate planning documents typically includes a Will which is current, comprehensive and reflects your wishes, an Enduring Power of Attorney for financial decision-making and an Enduring Power of Guardianship for health and lifestyle decision-making.
However, modern estate planning often encompasses other important considerations such as considering funding requirements, effectively passing control of assets, tax minimisation, asset protection and flexibility for yourself and your beneficiaries as well as minimising or averting potential disputes or claims upon your passing or any incapacity.
- Wills Establishing Testamentary Trusts and Other Protective Trusts
- Enduring Powers of Attorney
- Enduring Powers of Guardianship
- Advance Health Care Directives (living wills)
- Superannuation and Death Benefit Nominations
- Family and Personal Trusts
- Succession for Business and Family Trusts
- Asset Protection
- Preventative Estate Planning
- Special Disability Trusts
- Aged Care, Retirement Villages and ‘Granny Flat’ Interests Advice