Estate planning is one of those taboo subjects that few people enjoy discussing. A common misconception is that it is only for the elderly and rich. When we ask new clients whether they have a will or Power of Attorney, the most common answers are “we don’t need one as our affairs are very straightforward” or “we already have one in place”. Unfortunately, more often than not, we discover that their affairs or family situation is not as straightforward as it seems, and those who think that they already have one in place, usually only have a very simple will which doesn't cover their specific needs.

 

Bill and Mary* thought that their 20 year old wills were still valid until they came to see us. Their wills had been prepared when their children were a lot younger. One of their children was now in a relationship and the other had started a business. We arranged for them to meet with estate planning lawyers, who advised them that their children’s inheritance would not be protected if either the relationship dissolved or the business failed. Together with their lawyers, we established a solid estate plan, which will ensure their wealth is passed on to their children as intended (and tax effectively).


Our philosophy is that if it needs to be done (which it usually does), let’s do it properly! That's why when we are developing your estate plan, we work in concert with our trusted network of specialist estate planning lawyers to ensure your wishes for your legacy are properly recorded in legally binding documents.

  A common misconception is  
  that estate planning is  
  only for the elderly and rich.  

 

*​Disclaimers:

  1. Names and identifying details have been changed to protect the identity of individuals.

  2. Any advice in this site is of a general nature only and has not been tailored to your personal circumstances. Please seek personal advice prior to acting on this information.  

  3. References to past performance are not an indication of future performance.

CONTACT US

Head Office: Suite G.01

313 Canterbury Road

Canterbury  VIC  3126

By appointment, we can also meet with you via virtual options like Skype or GoToMeeting, or in person at locations in the Melbourne CBD, Mount Waverley and Southbank. 

(03) 9882 8288 | info@oakwealth.com.au

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OakWealth is an FPA Professional Practice. Oak Wealth Solutions Pty Ltd is an Authorised Representative of GWM Adviser Services Ltd (AFSL 230692)

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Copyright © 2018 Oak Wealth Solutions Pty Ltd.  All rights reserved.  Yihsing Koo, Oak Wealth Solutions Pty Ltd (ACN: 143 070 946) ATF Oak Wealth Solutions Unit Trust (ABN: 657 966 722 37) and Oak Wealth Planning Pty Ltd (ACN: 158 930 422) ATF Oak Wealth Planning Unit Trust (ABN: 97 916 959 977) are Authorised Representatives of GWM Adviser Services Ltd (ABN: 96 002 071 749), Australian Financial Services Licensee, 105 - 153 Miller Street, North Sydney NSW 2060.

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