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Family Law deals with relationships such as marriage, de facto partnerships and children. It also deals with separation, divorce, custody and child maintenance. Estate planning revolves around ordering and structuring your financial and legal affairs for the present and the future. It is also very important to have a proper plan for your estate in a manner which is suitable and compatible with your family situation. Consultation with an experienced Wills and Estates Lawyer can ensure you appropriatly arrange your estate planning to fit your family arrangement.

Fundamentally, a well arranged estate plan should do a number of things. It should create an ordered, secure, yet simple and flexible overall regime for your financial affairs with respect to your current circumstances and for the foreseeable future. Your estate plan should also provide scope for acquiring and accumulating assets during your life; balancing the competing interests of enjoyment of property and income during life. It should also be a vehicle for the preservation or creation of capital for your beneficiaries upon death. In addition it should seek to minimise taxes during and after your lifetime. Your estate planning arrangements should be simple enough to easily manage, be of reasonable cost, be flexible to cope with changes and shocks and not create difficulties for family or other beneficiaries. Consultation with an experienced Wills and Estates Lawyer can ensure your estate is properly managed from a family perspective.

Proper estate planning should be regularly updated, as life can be unpredictable and changes inevitably occur. For instance, marriage may end in divorce, your children may marry and produce offspring, you may become aware of relatives previously unknown or unexpected death may occur. It is important for your estate plan to be able to accommodate and address any changes and updates that occur in your family life. Proper and holistic legal advice from a Wills and Estates Lawyer coupled with sound financial advice may be hugely beneficial to ensure that your estate plan is properly structured and planned to meet the needs of your family.

Of course, a qualified Wills and Estates Lawyer should obtain sufficient information from you to enable them to assess the needs and goals of you estate plan. In addition to financial considerations and the incidence of income and capital gains tax, regard needs to be had to matters such as family relationships; the testator's marriages and de facto relationships; children of the testator; legal and moral obligations to provide for potential beneficiaries and family maintenance.

If you would like further information or wish to discuss your Estate Planning matter with us please do not hesitate to contact us by telephone on (02) 9233 4048 or by email to info@navado.com.au. 

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This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Legal Advice. It does not take into account your objectives, your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.

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