SUCCESSION PLANNING
Estate Planning DBA harnesses the expertise of its lawyers to provide a well-rounded estate and succession planning service. These services include:
- advice on tax effective family and estate planning;
- preparing a range of Wills especially those incorporating testamentary trusts;
- enduring financial/medical/guardianship powers of attorney;
- business succession planning including buy-sell agreements;
- advice on succession to family companies, trusts, partnerships and superannuation funds;
- discretionary versus binding death benefit nominations for superannuation interests;
- advice on superannuation death payments and advice on self managed superannuation fund succession strategies; and
- structuring assets and asset protection advice.
Tax, Superannuation & Related Services
Our estate planning services have regard to taxation, superannuation, asset protection, and general legal considerations. DBA has considerable experience in drafting Wills incorporating testamentary trusts and other legal documents including deeds of succession to family or discretionary trusts and Enduring Powers of Attorney. We also provide as part of our practice family trusts, unit trusts, superannuation funds, and buy-sell agreements. We advise on a broad range of taxation and superannuation issues relating to estate and succession planning.
As there are considerable opportunities for wealth to transfer outside a person’s estate, we also cover these issues with our clients in an estate planning assignment. For example, we explain the importance of such matters as joint ownership of property and other means of transferring wealth from one generation to another upon death in the most tax effective manner.
Charities
DBA regularly advises on charities and not for profit organisations. There are now a range of methods and structures available to those who wish to make a charitable gift as part of their estate planning. Click here for more information.
A Tailored Solution
We utilise different types of Wills and methods of advising on various estate planning and succession strategies. Invariably there is considerable drafting of Wills to suit each client’s particular circumstances and wishes. A testamentary trust Will is not a standard document where ‘one size fits all’. We have numerous variations and different strategies for handling different scenarios. A Will with a testamentary trust must be carefully implemented, as there are advantages and disadvantages of using such documents.
Industry Leaders
DBA’s lawyers regularly present at industry and professional seminars on estate and succession planning. These include presentations at DBA Network's quarterly workshops - click here for more information.
EPS National Legal Network
DBA is part of a national legal group which operates as the Estate Planning Specialists. This group provides us with considerable resources to provide a national solution in each of Australia’s capital cities. This group’s objective is to be the leading legal network in estate planning solutions. The experience and expertise of the practitioners and firms behind this group is considerable. The interstate firms in the EPS network are listed on our web-site.
Trusts We advise on and prepare a wide range of trusts to help achieve your succession planning goals. We have also assisted various legal cases challenging and defending trusts structures and deeds.
We regularly establish trusts for a wide range of advisers and clients throughout Australia.
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