Estate planning

Estate planning is more than a Will. It’s about saving tax. It’s about protecting the assets you have worked hard to acquire. It’s about a safe and smooth transfer of assets to your loved ones. Estate planning is about peace of mind. 

An effective estate plan should: 

• give you certainty as to how your assets will be managed if you are incapacitated and unable to look after your own affairs 
• establish how and when it’s best to distribute assets to your loved ones 
• cater for the current and future needs of your beneficiaries 
• protect your assets so that they pass to the right beneficiaries at the right time.

What to consider when drafting your Will

You need to consider a number of things when drafting your Will including changes to the family situation of yourself and your beneficiaries, whether your assets are at risk from a former partner and the ability of your beneficiaries to manage their inheritance.

Learn about drafting your Will.

Why use a testamentary trust? 

You have paid enough tax throughout your lifetime and worked too hard to see your assets at risk if a beneficiary experiences a divorce or is incapable of responsibly managing money. Using a testamentary trust has potentially significant tax benefits and is especially useful for passing on assets to beneficiaries who may need extra protection (minors; spendthrifts or those suffering vulnerability).

Learn about testamentary trusts. 

Responsibilities of an Executor 

What are the roles and responsibilities of an Executor of an estate? 

Learn about the responsibilities of an Executor. 

Power of attorney

What is a power of attorney and how can appointing a power of attorney help you? 

Learn about powers of attorney.

Contact Dixon Advisory Law

To contact Dixon Advisory Law about estate planning: 

• email law@dixon.com.au 
• call our Client Services team on 1300 883 158