Wills & Estate Planning
TAKING CARE OF YOURSELF AND YOUR LOVED ONES
We recognise the significance of protecting your family and ensuring your loved ones are taken care of in case of unexpected events. By working closely with you, we help create an Estate Plan that aligns with your goals and wishes, so everything unfolds as you would like.
We also guide you in passing on your wealth to the next generation, focusing on strategies that offer the best asset protection and tax efficiency.
What is an
ESTATE PLAN?
An Estate Plan goes beyond a simple Will. When creating your Estate Plan, we take a comprehensive approach, considering both your family dynamics and business structures. We engage in meaningful conversations to understand your priorities and the legacy you wish to leave behind
We conduct a thorough review of your business structures and Family and Unit Trust Deeds to gain a comprehensive understanding of the assets you own and control.
If you have concerns about children who may face challenges—such as a disability, unstable relationships, financial instability, high-risk professions, or difficulties managing wealth due to addiction or other issues—we’ll discuss these with you and recommend the best way to provide for them in your Will. This may involve including Testamentary Trusts, Capital Protective Trusts, or Special Disability Trusts.
For blended families, where you and your partner have children from previous relationships, we work with you to clarify your wishes regarding the distribution of assets you individually own or control. We then help you implement strategies, such as Life Interests or Capital Protective Trusts, to ensure your intentions are clearly documented in your Will.
Superannuation is another key component of an estate plan. We ensure you have a current, valid Binding Death Benefit Nomination and, if applicable, review your SMSF Trust Deed to ensure the nomination is correctly in place according to its provisions
What about if you lose capacity?
While it’s essential to have documents in place that address matters after your death, it’s equally important to consider what happens if you are still alive but become incapacitated and unable to make decisions due to an accident, stroke, or other medical condition.
We’ll discuss the key documents that should be prepared in case you can no longer make decisions for yourself—especially critical if you run your own business.
An Enduring Power of Attorney allows you to designate someone to handle legal, financial, and personal matters on your behalf if you become incapacitated.
Similarly, appointing a Medical Treatment Decision Maker ensures that someone you trust can make medical decisions for you when you’re no longer able to.
Additionally, an Advance Care Directive enables you to clearly outline your medical preferences, specifying which treatments you do or do not consent to, should your Medical Treatment Decision Maker need to act on your behalf.
A comprehensive Estate Plan includes all these elements, providing protection for both your life and your legacy, and offering peace of mind to your loved one
OUR ESTATE PLANNING PROCESS
We provide several options to help you establish your Estate Plan in a way that suits your preferences:
1
In-Person Consultation at Our Office
We meet with you in person to discuss your priorities, outline your Estate Plan, and guide you through the next steps to ensure everything is completed efficiently and in accordance with your wishes.
2
Zoom Consultation
We offer Zoom consultations to discuss your Estate Plan, address your key concerns, and explain the process moving forward. For your convenience, we offer limited evening availability for Zoom consultations. If this option works best for you, please let us know.
3
Completion of Our Estate Planning Fact Sheet
You can fill out our Estate Planning Fact Sheet, which enables you to outline your wishes and instructions clearly. After reviewing your completed Estate Planning Fact Sheet, we will get in touch with you to arrange a Zoom meeting to go over your responses and ensure all your concerns are fully addressed.
Estate Planning Fact SHeets
Click on the button below that is relevant to your circumstances. You will then be directed to a form to complete with your estate planning instructions and wishes.
1
Couple
with children
2
Couple
without children
3
Single
with children
4
Single
without children
Power of Attorney
How to book a consultation
You can book an initial Wills and Estate Planning consultation here or alternatively please contact our office on 9879 0734 or feel free to email us at admin@madisonsloanlawyers.com.au.
Estate Planning Costs
Bronze Package
- Will
- Enduring Power of Attorney
- Appointment of Medical Treatment Decision Maker
- Advance Care Directive
Single Package: $1,495 plus GST
Couples Package: $2,100 plus GST
More about the package
The Bronze Package is ideal for individuals who are just starting their journey or those with straightforward asset structures. Whether you have children, have recently purchased your first home, or are approaching retirement, this package suits a range of situations. Your assets may include a home, a vehicle, shares, superannuation, and life insurance, and it’s perfect for those without businesses, entities, or trusts.
Silver Package
- Will
- Enduring Power of Attorney
- Appointment of Medical Treatment Decision Maker
- Advance Care Directive
- Memorandum of Wishes
- Binding Death Nomination
Single Package: $2,100 plus GST
Couples Package: $2,695 plus GST
More about the package
This package caters to those with needs similar to the Bronze Package, but is tailored for individuals who have a business, entities, trusts, or more complex wishes that necessitate extra document drafting.
Gold Package
- Simple Testamentary Trust Will
- Enduring Power of Attorney
- Appointment of Medical Treatment Decision Maker
- Advance Care Directive
- Memorandum of Wishes
- Binding Death Nomination
Single Package: $3,100 plus GST
Couples Package: $3,950 plus GST
More about the package
The Gold Package is designed for individuals who want to pass on their wealth to the next generation in the most tax-efficient and asset-protective way. It’s the perfect package for those looking to safeguard their children’s inheritance from relationship breakdowns or creditors while also taking advantage of beneficial tax incentives.
Platinum Package
- Testamentary Trust Will
- Enduring Power of Attorney
- Appointment of Medical Treatment Decision Maker
- Advance Care Directive
- Memorandum of Wishes
- Binding Death Nomination
Single Package: $4,200 plus GST
Couples Package: $6,100 plus GST
More about the package
Our Platinum Package is designed for those with needs similar to our Gold Package, but it caters to individuals who operate one or more business structures, manage various entities, oversee trusts, or handle a Self-Managed Superannuation Fund. Your estate planning documents will account for any complex structures that you control.
