They say that the only certain thing in this world is uncertainty. But this is not entirely true… There’s nothing more certain than death and taxes. And, more often than not, you need help to make sure that one doesn’t make the other even harder to bear.
Your Estate Planning Lawyer in Perth
Estate Planning is planning for the future management and distribution of your assets and planning for your future medical care and lifestyle choices if you can no longer decide due to illness or accident. It is a way of ensuring that your estate is passed onto your beneficiaries in the most financially efficient and tax effective way possible.
Most people do not think what would happen to them if they became incapable of deciding due to accident or illness. If you have no estate plan the person who may be appointed to deal with your financial affairs, make lifestyle choices for you, be guardian for your minor children may not be the one who you would have chosen. The potential number of people who can bring a claim against your estate is getting wider and wider thanks to legislation changes introduced recently.
In summary an Estate plan addresses the following issues:
Response to changes in capacity and cognition
Minimisation of tax because of death
Protection of the inheritance: marriage or de facto relationship breakdown and bankruptcy
Potential family provision claims
Prepare for the future
If the worst should happen, you must ensure that all of your hard work benefits those that you love the most.
Tan and Tan Lawyers are able to prepare or update your will with respect to your wishes while ensuring that you’re fully aware of the ramifications of one action or another in relation to the law.
What else can we do for you?
Here are just some of the other things we can help you with in this area:
- Asset protection
- Business succession planning
- Estate planning
- Estate litigation
- Living wills
- Powers of attorney
- Private charities and charitable gifts
- Probate and estate administration
- Tax and tax planning
Rest assured that any advice you are given, regarding applications for Grants of Probate or Grants of Letters of Administration and preparation of Enduring Power of Attorney, will be solid.
Don’t let your inheritance be swallowed up by legal fees.
As well as ensuring that your wishes are carried out with the professionalism and care that you and your family deserve, Tan and Tan Lawyers will deliver this service at an affordable cost.
To prepare or update your will contact us now.