Succession Planning and Elder Law Ballarat
Harwood Andrews Ballarat Succession Planning and Elder Law team provide advice in relation to the passing of assets from one generation to the next
BALLARAT SUCCESSION PLANNING AND ELDER LAW
Many issues can arise on the transfer of wealth to younger generations, with an ageing population that holds considerable wealth. Circumstances can be complicated by the frequency of second marriages between people who have children from previous relationships, or with assets held in trusts or by private companies. There is also the ever increasing wealth in superannuation funds, and complex taxation and other laws governing these issues that need consideration.
Our Wills & Estates lawyers provide expert analysis and advice in relation to the control of or passing of assets, from one generation to the next. We can prepare wills to meet the address the most complex of circumstances. However as in many circumstances wills are not the sole determinate of estate planning, we will also focus on planning regarding trusts, superannuation and private companies.
There are also different considerations for families who own farms or other businesses that need to be considered, including a range of succession issues if the intention is to pass the farm or business onto the next generation.