Wills, Estate Planning & Elder Law
As we get older we face increasing uncertainty. This uncertainty can be a source of great stress for many people. To ensure peace of mind and financial security as you get older it is important to manage your estate and financial affairs.
Estate planning is about ensuring that when you pass away your loved ones are properly provided for and your assets are distributed according to your wishes with minimum taxation and court intervention. It is also about managing your affairs while you’re still alive to ensure that your assets are sufficiently protected and continue to be protected in the event that you lose the capacity to make important decisions for yourself.
Effective estate planning gives you flexibility in the management of your estate and affairs. At Berryman Partners we can assist you to tailor you estate plan to your particular circumstances.
Estate planning comprises multiple steps. The first of these steps is to prepare a Will and/or Power of Attorney and Enduring Guardianship.
Preparation of a Will
Preparation of a Will allows you to express your wishes as to how your assets are to be distributed upon you death. Proper planning allows you to reduce the financial burden on your beneficiaries and minimise the possibility of disputes.
Power of Attorney and Enduring Guardian
Power of Attorney and Enduring Guardianship are effective ways of appointing either one or multiple people to make important decisions for you for either a short period of time or long term.
Estate planning also requires a broad approach and consideration should be given to all matters that may affect the important aspects of a person’s estate and affairs.
Berryman Partners can provide you with a range of estate planning services, including:
- Preparation of Wills
- Preparation of Powers of Attorney and Enduring Guardianship
- Asset protection strategies
- Assistance with issues relating to living arrangements and aged-care accommodation