We can assist you with your Estate planning needs. We have experience in the set up of testamentary (will) trusts and special disability trusts. We can guide you through the process of transferring control over non estate assets (typically any trusts of which you have control and your superannuation fund). Estate planning involves not only planning for succession to your property but ensuring your retirement is both secure and funded to cover the exigencies of life.
Unlock the full potential of your legacy with our comprehensive estate planning services. Our experienced team specializes in crafting personalized solutions to address critical aspects such as business succession planning, control versus ownership considerations, powers of appointment, testamentary trusts, and superannuation death benefits.
Ensure a seamless transition of ownership with our tailored business succession plans. From life insurance policies to buy and sell agreements, we specialize in structuring comprehensive solutions to safeguard your business interests and support your retirement goals.
Find out more
Gain clarity on property ownership and control nuances crucial for effective estate planning. Our expertise ensures proper differentiation, whether it's drafting wills for estate property or leveraging powers of appointment for non-estate assets like joint tenancies, superannuation funds, trusts, and more.
Find out more
Family trusts can control considerable wealth. The trustee of the trust has day to day management of the family trust but can ultimately be answerable to the person or persons named as "appointors" of the trust. The appointor(s) have the power to replace and appoint new trustees. That person(s) holding that power may have the discretion in their lifetime or under their will to appoint their successor "appointors". Understanding this power can be a critical part of your succession planning if you are an appointor of a family trust.
Find out more
Empower your estate planning with insights into superannuation fund regulations. Optimize control over your benefits through strategic death benefit nominations, ensuring seamless transfer to your chosen recipients or executor. Avoid conflicts and safeguard your legacy effectively.
Find out more
Unlock the benefits of testamentary trusts in estate planning. Enjoy versatile distribution options, asset protection, and tax efficiency for beneficiaries. Ensure seamless wealth transfer across generations with personalized trusts tailored to your unique needs by A W Pitman & Co.
Find out moreDiscover essential insights on testamentary trusts, superannuation death benefits, powers of appointment, business succession, and property distinctions. Trust our expertise to guide you towards a comprehensive estate plan for peace of mind.
Discover how powers of appointment empower control over trustee appointments and fiduciary obligations in trusts and wills, safeguarding your interests and securing your estate's future.
Explore the importance of business succession plans in ensuring a seamless transition of ownership, utilizing strategies like buy-sell agreements and CGT small business concessions for retirement planning and asset protection.
Gain clarity on property ownership nuances crucial for effective estate planning, from distinguishing between assets you can gift under your will to those over which you may exercise control but not own, ensuring comprehensive asset management and distribution strategies.
A testamentary trust is simply a trust contained within your will that operates much like a trust would operate in your lifetime except that the testamentary trust commences on the death of the will maker who has a testamentary trust in their will.
A binding death benefit nomination (BDBN) binds the trustee of your super fund to make a distribution of your death benefit to person(s) nominated by you in writing. The BDBN must be witnessed by 2 adult persons, and in the case of an industry fund the BDBN has a lifetime of 3 years after which time it lapses. A non binding death benefit nomination (NBDBN) is an expression of your wishes, which the trustee of your fund is not obliged to follow unlike a BDBN.
If you need assistance navigating the complexities of estate planning, our team is here to help. Whether it's crafting testamentary trusts, optimizing superannuation death benefits, or strategizing business succession, rely on our expertise for tailored solutions. Secure your legacy with confidence. Reach out today for personalized assistance in safeguarding your assets and ensuring a seamless transfer of wealth for future generations.
Liability limited by a scheme approved under Professional Standards Legislation.
