Scammell & Co. Lawyers are one of South Australia’s leading providers of wills and estate services. Our experienced team will help you make plans for the management and transfer of your estate
after your death, giving you the peace of mind that comes from knowing your final wishes are respected and your beneficiaries are taken care of.
What is estate planning?
Estate planning isn’t just about writing a will to ensure that your assets go to whoever you choose once you pass away. It’s about planning for your family’s future by creating a number of documents including a will, trusts, superannuation death benefit nomination and life insurance policies.
Why is estate planning important?
If you don’t prepare an estate plan while you’re sound and capable, you’ll have NO say in how your estate is handled or what your loved ones receive when the time comes.
Preparing your will to give you peace of mind
A valid will describes all your assets and liabilities, clearly sets out your final wishes and addresses future or special needs of beneficiaries. It also appoints one or more executors to administer your estate upon your death and appoints one or more guardians of any minor children.
If you pass away without making a will, your estate is administered and distributed in accordance with intestacy rules which may conflict with your wishes.
What is a testamentary trust?
A testamentary trust isestablished by a will and comes into effect upon the death of the will maker. It is a separate structure that holds estate assets for beneficiaries and gives them flexibility as to how and when they take their inheritance. It is a tax-effective mechanism for passing assets through different generations.
The team at Scammell & Co. have built an enviable reputation among Adelaide lawyers for quality and thoroughness so you can trust us to take care of your estate planning needs no matter how complex they are.
