Everalls Wealth Management Pty Ltd
Unit 3, Ground Floor,
Royal Life Saving House 26-28 Napier Close, Deakin ACT 2600

(02) 6232 4561

Estate Planning: Making sure you and your family are looked after

Whilst Estate Planning is generally not a topic many people enjoy considering, it is an essential aspect of everyone’s financial affairs. If done without proper consideration, your Estate Plan can create unnecessary emotional and financial heartache for your intended beneficiaries.

The Everalls group have always been able to provide you with comprehensive estate planning advice including tax planning advice and advice on how to hand over control of businesses, trusts and SMSFs correctly.  However, previously we have needed to then refer you to a lawyer to have the necessary documents prepared.  We are pleased to announce that we have partnered with a specialist legal firm such that we can now provide you with comprehensive estate planning strategies and advice as well as the relevant documents such as wills and powers of attorney to suit your personal needs.

Estate Planning

What is Estate Planning?

Put simply, estate planning involves making arrangements during your lifetime to ensure that their assets are passed on to your intended beneficiaries after your death in the manner you want.

It also encompasses planning for any future incapacity through the provision of enduring powers attorney to your family members or other trusted individuals to allow them to manage your future lifestyle and quality of life if you lose capacity.

Who can benefit from estate planning?

Everyone can benefit from having an up-to-date estate plan in place. Even if you think you do not have enough assets to justify a will, don’t forget potential insurance payouts and what will happen to your superannuation. 

If you do have a complex family, for example, young children, blended families, vulnerable family members or non resident beneficiaries. Complex situations also include significant assets (such as multiple properties, business ownership or assets in a family trust or company). It is even more important for you to seek professional advice in your estate planning.

How can proper estate planning help you?

Everyone can benefit from estate planning. Regardless of your personal circumstances it is important because it helps to ensure that you are looked after during your lifetime according to your wishes and on your death, assets will be managed and transferred as per your intentions in the most financially efficient and tax-effective way.

Proper Estate planning ensures that young children are looked after and provided for appropriately should something happen to you. Proper estate planning also gives you the opportunity to stop and consider what assets you have, to whom you want to give these assets to, your personal needs and circumstances, potential claims that may be made on your estate, who may be your executor or trustee, and most importantly what do you want to achieve in the transfer of your wealth.

Once you know what you want to happen if you lose capacity and on your death, it is important that you get those wishes documented appropriately so that your family is looked after.

Is your Will tax effective?

As qualified financial planners and tax accountants we are able to advise you how to make sure there are no unexpected tax consequences created for your estate and beneficiaries when the assets are transferred.

We can also talk to you about whether a Testamentary Trust would be appropriate for your beneficiaries? In certain circumstances, Testamentary Trusts can save your beneficiaries substantial amounts of income tax, capital gains tax and/or stamp duty.  They are also a great way of protecting your assets for vulnerable beneficiaries eg young children or beneficiaries with disabilities, marital difficulties, addictions or financial challenges.

What if I don’t have a will?

If you become incapacitated or die without having the right documents in place, then this will create added stress, difficulty and expense for your family during an already difficult time.

In addition, failure to put in place appropriate estate planning arrangements may result in in the administration and distribution of your estate in a manner different from what you may have intended, unnecessary tax liabilities for the beneficiaries and the risk of misuse of assets by vulnerable beneficiaries.

What is involved

  1. A meeting with an Everalls Wealth Management financial planner to talk about your estate planning needs, options and develop the appropriate strategy with you.
  2. We liaise with the lawyers on your behalf to get the relevant documents prepared so you don’t need to go anywhere else.
  3. Once the documents have been prepared we walk you through them to make sure you understand all the legal jargon before signing.

The whole process can be completed in less than 3 weeks.


All fees are fixed priced and will be quoted up front based on the complexity of your circumstances. Contact us for an obligation free quote.

More information

For more information please see the below documents to find see what considerations you should make when organising your estate.

Do I need a will? What happens if I die without a will?