Estate plans that work alongside your succession plan, not against it.
Wills, enduring powers of attorney, and the structural decisions that make sure what you've built actually arrives where you intended.
The most common estate planning mistake we see isn't a missing will. It's a perfectly valid will that contradicts the structure of the family business, the succession plan, the SMSF nominations, or the trust deed. Estate planning works when it's coordinated. We make sure it is.
WHAT WE COVER
Wills
Drafted by your lawyer, structured around the financial and tax advice we provide. We work with your existing solicitor or refer if you need one.
SMSF death benefit nominations
Binding nominations, reversionary pensions, and integration with your estate plan.
Enduring powers of attorney
Structured to work with your business and family circumstances.
Trust succession
Trustee succession, appointor succession, and the long-game decisions about who ultimately controls what.
Testamentary trusts
Where appropriate, to manage tax, asset protection and family circumstances.
Intergenerational tax planning
CGT, stamp duty, and the timing decisions that affect what gets inherited and what gets paid in tax along the way.
How we work with your other advisers
Estate planning is a team game. Your solicitor drafts the documents; your financial adviser handles insurance and personal-investment advice; your accountant (us) handles structure, tax and superannuation. We work with whoever you have, and can refer you to someone we trust if needed.
A perfectly valid will can still get the family in trouble — if it contradicts the structure underneath it.
Particularly relevant for
Family farms with multi-generational ownership
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Family businesses with active and inactive children
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Significant SMSF balances
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Trust structures with appointor and trustee succession to consider
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Blended family circumstances
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*General advice only — your specific structure requires personal advice from your Byfields adviser