Estate Planning mainly involves advising and implementing appropriate strategies for the management of the transfer and distribution of a person’s estate following their death. The success of this process is based on Modern Estate Planning Wills incorporating provision for the establishment of individual, optional, discretionary testamentary trusts for beneficiaries.

Modern Estate Planning also involves taking steps to ensure that during the client’s lifetime, their affairs can be managed on their behalf by trusted family members or friends in the event of temporary or permanent legal incapacity through injury or illness.

This is done through the complementary preparation of Enduring Powers of Attorney and Appointments of Enduring Guardian, with both initial appointees and substitutes nominated. Such legal appointments ensure that the client’s affairs can be managed without the involvement of the Office of the Protective Commissioner or the need to approach the Guardianship Tribunal.

Regrettably, the impact of poorly thought out or drafted Wills does not become apparent until the Will has been implemented by the Executor. Assisting executors with obtaining a Grant of Probate is where the quality of the will comes into clear focus and exposes the limitations of a poorly prepared Will, or one that does not meet the intentions of the Willmaker, or the expectations of family beneficiaries.

Our Estate Planning Service is provided by an incorporated legal practice (Dollar Growth Estate Planning Pty Ltd), and gives clients a sound framework to develop their own personal Estate Plan that enables their estate assets to be passed on in a suitable manner to their beneficiaries.

The Convenient Truth presentation found on the Estate Planning information website illustrates the core advantages of Estate Planning in simple to understand terms so that you can make the most informed decision about your estate for the future benefit of your family. Go to modernestateplanning.com.au. The Convenient Truth presentation is password protected. The receive the username and password please email info@retirelaw.com.au.

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