Estate Planning

Estate Planning demands much more than simply drawing up a will. An effective and comprehensive estate plan will ensure that a client's assets will pass according to their wishes upon their death. It is essential to understand the taxation consequences of death, the superannuation aspects of estate planning and the importance of asset protection strategies.

To ensure your estate planning goals are achieved, areas that may need addressing include: 

• The different treatments of Estate and Non-Estate assets 
• Selection of the executor and/or trustee to perform their various duties 
• The drafting of your will 
• The possible establishment of testamentary trusts 
• The requirement for Powers of Attorney and Enduring Powers of Attorney 
• The possible pre-planning and purchasing of funerals 
• Family Law Issues and potential challenges to your Estate 
• The collection and distribution of your assets 
• Exposure to capital gains tax upon your death 
• The rights of your beneficiaries 
• Your entitlements to superannuation and the tax treatment of death benefits

Morrows' detailed knowledge and experience in estate planning issues will help to ensure that the wealth you have created is transferred according to your wishes and is not eroded by unnecessary taxes, costs or family disputes.