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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

Succession Planning articles from the blog:

The benefit of your retaining a Will is that you can predetermine what will happen to your dependants and your assets upon your death. It is highly recommended that every adult have a functional Will. As circumstances change, you should update your Will to best reflect your current intention for the division of assets and care of dependants. What happens if you have a a Will and you’ve separated from your partner? If you are separated from your partner but are not yet divorced, your Will remains unaffected and your former partner will receive all assets as provided for in[...]
 LEAVE IT WITH US No legal problem is too tricky for husband-and-wife law firm owners Michael and Sandra Clive. After Michael started working at a firm where Sandra was Managing Partner, Sandra and Michael didn’t know they would end up partners in practice and in life but with their shared values, goals and interests, it’s no surprise that they are such a successful duo. “My mates tease me that “I ‘married the boss’ when they hear I used to work for Sandra” Michael laughs. “In 2009, we bought highly respected law firm Crosby Brosnan and Creen, which I operated while[...]
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.