What is estate planning and asset protection?
Estate planning isn’t just about making sure you have a will in place. It’s about making sure that your assets and debts are structured in a way that will benefit the ones you love the most and ensure that you protect your legacy.
Good estate planning ensures that your wealth transitions to the next generation smoothly, with minimal cost or tax, and on your terms. Asset protection strategies also make sure you put in place a plan to preserve your wealth and look after your property, assets and business for your family while you’re still alive. Our wills and estates lawyers can help you put in place a tailored estate plan to protect your legacy and those you love.
Who needs estate planning?
Many people don’t think estate planning is relevant to them but they’re often not right. Estate planning and asset protection is important for anyone who has assets of value, business ventures, trust arrangements or complex family situations. If you have assets or family that you wish to protect, you could benefit from putting in place strategies to protect and plan your estate.
Many of our estate planning clients are entrepreneurs, corporate executives or families with significant wealth. Our lawyers in Melbourne and Ballarat can provide you with legal advice to minimise tax, ensure you have the right insurances in place and that you’ve structured your assets in the best way for your family.