The idea of “doing a Will” or creating an estate plan can be daunting, especially if you don’t know where to start.
Mindset is key – thinking about estate planning in the context of family legacy and not just wealth transfer can be a more productive and rewarding place to start.
It can be helpful to think about questions like these before meeting with an estate planning lawyer:
- What is really important to me?
- What are the true assets of my family?
- Will my family members get along together after my death?
- Am I concerned that someone might make a claim against my estate?
- Am I concerned about the capacity of my family members to manage larger amounts of money?
- Am I concerned about the impact of bankruptcy or divorce on an inheritance?
- Do I want to write down my preferences in a statement of wishes to guide my family members about how to transfer the wealth?
If you wish to discuss how to facilitate healthy family relationships supported by the transfer of wealth in a way that empowers family members to live sustainably, contact our experienced estate planning team on 1300 068 736, we are ready to help you plan your family legacy.
This publication has been carefully prepared, but it has been written in general terms and should be viewed as broad guidance only. It does not purport to be comprehensive or to render advice. No one should rely on the information contained in this publication without first obtaining professional advice relevant to their own specific situation.