At Merthyr Law effective estate and succession planning means peace of mind for clients by ensuring protection of personal and business interests while enabling the best possible flexibility and taxation benefits.
The elements of effective estate planning involve more than just a Will, especially when a client has self-managed superannuation funds, business interests and significant investments. There are Wills and then there are Wills and not all have the desired outcome. Effective estate planning will never be achieved if it is out-of-date or utilises a standard Will. That is why Merthyr Law has developed the Family Safety Trust® that is incorporated in Wills to ensure the protection of assets down through the bloodline.
A Merthyr Law ‘Complete Estate Plan’ includes the following components:
- a comprehensive review;
- an up-to-date Will, incorporating Family Safety Trusts®;
- an Enduring Power of Attorney or “Living Will”;
- a plan for SMSF incorporating binding nominations; and
- a comprehensive Business Succession Plan.
In Merthyr Law’s experience, an investment in an effective plan will pay for itself many times over when it is called upon to protect assets against attack from the family court or bankruptcy and will limit disputes amongst beneficiaries and avoid family feuds.
