Estate Planning

Estate planning is the process of arranging the disposal or 'passing on' an estate and it's assets by eliminating the uncertainties over the administration and maximising the value of the estate by reducing tax and other related expenses.

Quite often Estate Planning is much more complex than just drafting a simple Will. ASCOT Wealth Management will help you to decide whether you require the preparation of a more complex will incorporating testamentary discretionary trusts, amendments to your family trust deed or self-managed superannuation fund and a formal estate planning strategy document.

Most importantly, we are happy to be the conduit that liaises with all the professionals in your life from your Accountant to your Legal Professional. If you do not have a legal representative we have a panel of expert solicitor / lawyers that can assist.

Estate Planning Encompasses

Consideration of an estate plan depends upon whether:

you have sizeable assets and the personal circumstances of your beneficiaries require the creation of more complex trusts within your will
you have vulnerable beneficiaries with special needs
your investment or business structures are complex and may include a family discretionary trust, a self-managed superannuation fund or a private company
you wish to minimise the tax liability of your estate or your beneficiaries, for example via superannuation or testamentary trusts.