Generational Wealth

The goal of many parents is to leave a legacy for their family. 

This where a focus upon Estate Planning is crucial.  Simply having a 'Will' may not be sufficient, particularly if all components of your assets are not examined, and the manner in which they are distributed.

For example, when we raise the issue (pre-retirement) that taxable components of superannuation may be taxed upon their death, can result in a surprised reaction from clients as they're not aware that this benefit may be taxed when passed to their adult non-dependant children. 

In saying this, prior to retirement, there may be strategies available to address facets of these issues so as to potentially optimise the estate for your family. 

We will also work with you to examine innovative opportunities for your family.  This may include the use of long term vehicles such as discretionary family trusts, superannuation, education funds, investment bonds, and so on.

When it comes to your 'Will' and other legal necessities such as testamentary trusts and powers of attorney, then we will work with your existing solicitor, or we can refer you to an estate planning specialist to ensure that your legal documentation is executed correctly. 

If you would like to commence building an estate for the next generation, then call David on (02) 9525 0777.