Estate and Succession Planning
Estate and succession planning involves so much more than making a will. With so many Australians now holding assets or businesses in a range of entities – from trusts to companies and self-managed superannuation funds – it’s important to take a comprehensive, collaborative and proactive approach.
Our lawyers have specialist expertise and can assist you with all aspects of estate and succession planning. Leading the team is principal lawyer, Chartered Tax Advisor, Trusts and Estates Practitioner and SMSF Specialist Advisor™️ Nathan Yii recognised by his peers in Doyle’s Guide as a leading Wills, Estates & Succession Planning Lawyer and Litigation Lawyer.
Comprehensive and collaborative
We work alongside financial planners, accountants, other legal practitioners and directly with clients to advise on and implement strategies to transition wealth to intended beneficiaries.
We’ll cover a range of factors as we go through the process of estate planning, including:
Succession of any trust, company or superannuation fund in the family group
Succession and smooth transition of any business or partnership
Tax strategies to allow beneficiaries flexibility to manage their tax liabilities
Superannuation and life insurance
Family law, including quarantining inheritance from family law claim
Client sensitivities such as vulnerable beneficiaries, health issues and spendthrift beneficiaries as well as Government benefits and support
Decision making on death and incapacity
Minimising risk of disputes.
Areas of expertise
Establishing trusts, companies, SMSFs and other legal entities
Advising on internal governance issues and drafting shareholder, family and other agreements
Advising on family office arrangements and drafting family office deeds
Structuring or restructuring investments or businesses to manage risk
Proactive and preventative
People often put a lot of time and energy into building wealth during their life – while neglecting or completely failing to properly address the transition of wealth in their retirement years or on their death. For instance, including a testamentary trust in a Will may save a whole lot in tax or headaches on death.
Don’t leave it until it is too late. Proactive estate and succession planning can prevent disputes and ensure your hard work has a bigger purpose.
Planning for the future isn’t just about that future, either. Acting earlier rather than later means you can have peace of mind, ensure your wealth passes as intended and also maximise tax savings and protect your assets.
Areas of expertise
Wills and testamentary trusts
Payment of superannuation entitlements and binding death benefit nominations
Succession of trusts, companies and SMSFs
Reviewing and drafting business succession or co-ownership agreements
Inter-generational wealth transfers for high net worth individuals including family office arrangements, family agreements, family constitutions
Powers of attorney and advance health directives
“Nathan Yii Lawyers greatly streamlined our estate planning and structures in a sophisticated yet efficient way, leaving our kids a lasting memory to remember us by.”