Estate Planning

We at CBSW, find that clients are not aware of the importance of a well documented  Estate Plan ensuring that their assets are protected in the event of death or disability and that all family members have been appropriately provided for. Few understand what assets are covered by a will, and often believe assets held in various legal structures automatically fall under their personal wills.

An Estate Plan is not simply the creation of a will. It involves consideration of:

  • Choosing the Right Executor(s)
  • Planning for Blended Families
  • Need for Letters of Instruction
  • Use of Testamentary Trusts
  • Enduring Powers of Attorney
  • Enduring Powers of Guardianship
  • Advance Health Directives

Some clients don’t have wills or have wills and don’t realise they are either invalid (by virtue of marriage or divorce), out of date, or cause taxation and other problems for beneficiaries.

At CBSW Tax and Business Advisors, we offer a wide range of services, and this includes supporting our clients in the area of estate planning.

The Role of Your Trusted Advisor

When you are ready to implement an Estate Plan, the first point of call is generally a lawyer and not a trusted advisor. However, having a tax and business advisor involved in the process has significant advantages. We take the time to explain what assets actually fall under a will, how such personal assets can pass to intended beneficiaries tax effectively, as well as provide asset protection to them. Further, we help our clients understand how control of business assets held in various structures can be passed on to intended family members.

We have a clear understanding of our client’s assets and the way in which they are structured, which allows us to work closely with your legal advisor.

When the time comes to administer the estate, we are experienced in giving assistance in this area. Our expertise includes taxation matters and providing accurate advice to the executors of the estate, and we can assist with any ongoing operations of the estate as well as testamentary trusts.

Giving you Peace of Mind

Preparing a comprehensive well documented Estate Plan ensures your personal assets and business assets are structured effectively for your intended beneficiaries on your death or disability.

Following the process will offer you peace of mind that your valid and current Estate Plan ensures your beneficiaries will be taken care of, and all personal, businesses and superannuation assets are transferred correctly. When you combine the services of a legal representative and a trusted advisor you will be gaining expertise and clarity, which will enable you to make the right decisions.

Understanding the Legal Jargon

Legal discussions can often be overwhelming and our team are committed to guiding you through the information to ensure you have a clear understanding of what is required. When you utilise asset protection strategies you will be able to shield your personal and business assets from financially debilitating events.

Contact Us

CBSW Tax and Business Advisors are a boutique firm based in Western Australia. Our team has extensive experience and knowledge while still being friendly and approachable.

We offer a range of professional services and are equipped with the skills to assist you with your Estate Planning. If you would like to discuss your Estate Planning needs or enquire about any of our other services, please contact one of our specialist Directors today.

Our Estate Planning Team

Robert Casamento

Director

Matthew Walsh

Director

Anna Casamento

Senior Manager

Lyall Bear

Consultant - Business Advisory

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