Wills & estate PLANNING

• Draft and create legally binding wills.
• Establish testamentary trusts to manage assets and distribute wealth according to your wishes.
• Ensure that your will and testamentary trusts are valid and enforceable.
• Minimise estate taxes and maximise asset protection.

• Develop comprehensive strategies to ensure the transition of assets and business interests to the next generation.
• Minimise tax implications and maximise asset protection.
• Ensure that your succession plan is tailored to your specific needs.
• Provide peace of mind knowing that your assets and business interests will be handled in the manner you choose.

• Provide guidance on estate planning and wills for individuals with assets or interests in multiple jurisdictions.
• Ensure compliance with international laws and regulations.
• Help you create a will that is valid in all jurisdictions where you have assets.
• Protect your assets from creditors and other risks.

• Assist in the creation and execution of powers of attorney, granting authority to act on behalf of a corporation or an individual.
• Provide guidance on the scope and limitations of powers of attorney.
• Ensure that your power of attorney is valid and enforceable.
• Protect your interests in the event that you become incapacitated.

• Advise appointing a trusted person to make medical and lifestyle decisions on your behalf in case of incapacity.
• Ensure that your preferences and values are respected in medical and care-related matters.
• Protect your interests in the event that you become incapacitated.

• We can advise you on the different types of trustees available and help you choose the right one for your family trust. The trustee is the person or organisation responsible for managing the trust assets and distributing them to the beneficiaries according to the terms of the trust deed. It is important to choose a trustee who is trustworthy, competent, and willing to fulfil the role. 
• We advise you on the best way to structure your family trust to meet your specific needs. The structure of the trust will determine how it is taxed and how the assets are distributed to the beneficiaries. There are many different types of trusts available, each with its own advantages and disadvantages. 
• Madison Marcus can provide ongoing support and advice to help you ensure that your family trust is running smoothly and efficiently. Once the trust is established, it is important to maintain it properly and update it as needed. This includes keeping track of the trust assets, filing taxes on behalf of the trust, and making changes to the trust deed if necessary. 

If you are considering establishing a family trust, it is important to consult with a qualified lawyer to ensure that you understand all of the legal implications and that your trust is structured to meet your specific needs.

• Assist in creating legal documents outlining your medical treatment and end-of-life care preferences.
• Ensure that your wishes are known and followed during critical healthcare situations.
• Protect your interests in the event that you become incapacitated.

• Advise on superannuation and self-managed fund strategies to maximise benefits and minimise tax implications.
• Assist in making binding death nominations to specify how superannuation benefits should be distributed upon death.
• Protect your superannuation assets in the event of your death.

• Represent clients in legal disputes related to wills and estates, including challenges to the validity of a will or claims for adequate provision.
• Resolve estate disputes through negotiation, mediation, or litigation.
• Protect your interests in the event of a will dispute or estate litigation.

• Assist in the legal process of obtaining probate or letters of administration to administer the estate of a deceased person.
• Guide clients through the necessary steps and documentation required by the court.
• Protect your interests in the event of a death and ensure that the estate is administered in accordance with the deceased person’s wishes.

• Provide advice on establishing special disability trusts for the benefit of a person with a severe disability.
• Ensure compliance with legal requirements and maximising financial support for individuals with special needs.
• Protect the assets of a person with a severe disability and ensure that they are used for their benefit.

• We assist you with your choice of trustee, ensuring your person choice competent, and willing to fulfil the role.
• Structure the trust to meet your specific needs, taking into account your assets, liabilities, and the ever-evolving landscape of laws, including taxation and superannuation.
• Maintain the trust properly and update it as needed.
• Consider other aspects such as asset protection, tax planning, and dispute resolution.