Estate Planning

Will & Estate Planning Lawyers in Sydney

It’s never too early or too late to plan for your estate

Are you concerned about the future of your assets and property? Estate planning is an important step in ensuring that your assets and property are distributed according to your wishes after you pass away. 

At Stephen Wawn & Associates, our estate planning lawyers are here to help you make the most of this process and secure your financial future for years to come.

Why is Estate Planning Important?

  • It can help protect your assets from being lost in the event of your death or incapacity.
  • It can help minimise the amount of taxes owed by your estate, which can have a significant impact on your legacy.
  • It can help ensure that your assets are distributed quickly and efficiently after you pass away, without the time and expense of going through letters of administration or intestacy.
  • It is an opportunity to reflect your values and wishes, and ensure that your assets are distributed according to your vision for the future.
  • Proper will estate planning can minimise estate disputes after your death to provide estate planning asset protection and ensure your assets are not claimed by people you do not intend to benefit.

When Should You Get an Estate Plan?

It is never too early to start planning for the future, and it is never too late to make changes to your estate plan either. Estate planning is a dynamic process that should be reviewed and updated regularly to ensure that it reflects your current situation and changing needs.

We recommend that you review your estate plan during any major events including marriage, divorce, purchasing property and the birth of a child.

How Our Estate Planning Lawyers Can Assist You

We know that estate planning can be overwhelming and complex. That’s why our team is here to help you navigate the process with empathy and understanding. We can assist you with creating a will, setting up trusts, designating power of attorney, and making other arrangements to ensure that your assets are distributed in accordance with your wishes.

We can also assist individuals and other entities with family law estate planning, business and company continuity and succession planning, and SMSF planning.

Our Approach

Our experienced lawyers will work with you to create a tailored estate plan that reflects your values and wishes. 

We understand that every situation is unique, and we take the time to consider all of your personal circumstances to ensure that your wishes are respected and your legacy is protected. 

We can also help you to minimise the amount of taxes owed by your estate, avoid complexities, and minimise estate disputes.

When creating an estate plan, it is important to consider what specific circumstances should be included in estate planning. These are:

Your Assets and Property
What assets and property do you want to distribute, and how do you want them to be distributed?

Your Debts and Liabilities
How do you want your debts and liabilities to be handled after you pass away?

Your Beneficiaries
Who do you want to receive your assets and property, and in what proportions?

Your beneficiaries’ personal circumstances should be considered, particularly if they are in need of estate planning asset protection or family law estate planning.

Your Values and Wishes
What are your values and wishes, and how do you want them reflected in your estate plan?

Your Long-Term Care Needs
What plans do you have in place for your long-term care in the event of your incapacity?

Your Executor and Trustee
You need to consider who will be your executor and trustee to administer your estate after you pass away.

What Does Estate Planning Include?

It typically includes the following:

A Will
A will is a legal document that outlines your wishes for the distribution of your assets and property after you pass away.

Trusts, such as testamentary trusts, are legal entities that can be used to manage and distribute your assets and property, and can provide tax and asset protection benefits.

Enduring Power of attorney
Enduring Power of attorney is a legal document that gives another person the authority to act on your behalf in the event of your incapacity.

Enduring Guardian
Enduring guardian is a legal document that gives another person the ability to make medical and personal decisions on your behalf if you are unable to make these decisions yourself.

Advance care directive/medical direction
An advance care directive is a legal document that outlines your wishes for your health care and end-of-life decisions in the event of your incapacity.

Superannuation Binding Death Nomination
Your superannuation does not generally form part of your estate and Will when you pass away. A superannuation binding death nomination is a legal document that directs how your superannuation should be distributed after you pass away.

How Much Does Estate Planning Cost?

We offer a no-obligation free consultation to discuss your estate planning needs and get an estimate. The cost of estate planning in Sydney is going to vary depending on the complexity of your situation and the legal services you will need to meet your requirements. However, the cost of proper estate planning in Sydney will always be less than the costs of you passing away without a Will or estate plan.

When weighing up the costs for this service, it’s important to do so while considering the value of the assets of your estate and the peace of mind that sound estate planning will be able to provide.

Call Us For A Free Discussion, With No Obligation For Carrying Through

At Stephen Wawn & Associates, our goal is to make estate planning accessible and stress-free.

We understand that trusting someone to assist you with securing your family’s or loved ones’ future is a big step, so we never pressure you into committing to us after discussing your needs. We always look to deliver advice and legal document assistance from our areas of expertise in the most effective and cost-efficient manner.

As will & estate lawyers, we also offer other services such as letters of administration and elder law to help them plan or overcome challenges when the unexpected happens.

Contact us today to learn more about our services and how we can help you plan for your financial future

Let us help you!

If you need any help, please feel free to contact us. We will get back to you. Or if in hurry, just call us now.

Call : (02) 9328 1000

office@stephenwawn.com.au Mon – Fri 09:00-17:00

Contact us now

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No part of these notes can be regarded as legal advice. Although all care has been taken in preparing all notes, readers must not alter their position or refrain from doing so in reliance on any of these notes. Stephen Wawn & Associates do not accept or undertake any duty of care to readers relating to any of these notes. All inquiries should be directed to Stephen Wawn & Associates.