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Succession Planning

At CBC we understand that it is difficult to plan for the unexpected. We appreciate the importance of providing you with the peace of mind that comes with the knowledge that you have a well thought out succession plan to provide for your loved ones for the rest of your life, and after you have passed.

With one in three marriages ending in divorce, we can structure your will to provide the greatest protection possible to prevent the assets that you have accumulated through a life time of hard work ending up in the hands of your children’s ex-spouses.

Succession planning is often much more than just the preparation of a will. A holistic approach is necessary with due consideration to existing business and property investment structures, the immediate and ongoing needs of particular beneficiaries, the taxation and asset protection implications of passing asset ownership and the avoidance of claims that could interfere with the due administration of your estate, and completely frustrate your testamentary wishes.

There are businesses that profess to specialise in succession planning, and charge considerable fees to provide advice in this area. Those businesses do not have the training or experience that our lawyers have, do not understand the legalities and complexities of land holdings and business structures, and by law cannot provide legal advice or draft the wills, powers of attorney, family trusts and other documents that are necessary to implement a well thought out succession plan. They therefore must refer clients to lawyers to obtain advice on these issues and have these documents prepared. We have experienced many situations where the advice provided by these businesses cannot be implemented due to legal, tax and other issues. Save on those costs by consulting our succession planning team first. We have the expertise, know-how and legal authority to advise, recommend, document and implement your succession plan from beginning to end.

CBC’s succession planning team, led by Michael Clive and Wendy Munson, has in excess of thirty-five years of experience in solving clients’ succession planning problems including:

Testamentary
Trust Wills
Superannuation Binding
Death Nominations

Powers of
Attorney

Advanced Health
Directives
Tax
Planning
Deceased
Estates
Trusts, Companies
and other Structures

 

City to country, solve your legal problems today call (07) 4772 3644

From the blog:

What many people do not realise is that, in certain circumstances, it is possible for a person to make a Will even if that person does not have testamentary capacity.