Estate Planning

We can help you navigate the complexity

When you’re planning for the future, there’s one eventuality that none of us can avoid. It’s not a question of if we pass away, but when.

Estate planning ensures your loved ones are protected and your assets are distributed appropriately after you’re gone. It involves making decisions that consider personal aspects such as family, relationships, and legacy, while also addressing financial implications related to taxation and business. This process helps minimize unnecessary financial complexity and conflict, ensuring that your hard-earned assets are passed on to the right people for the right reasons, at the right time, and in a way that maximizes benefits and outcomes.

Your wealth should be yours to decide where it goes. No-one wants to see years of hard work chewed up by tax liabilities or legal disputes over your estate.

Estate planning advice

At AR & B Advisors, we’ve been offering estate planning services in Perth for more than 30 years, supporting our clients with the guidance and advice they need to plan and prepare for their futures. 

Estate planning involves more than just Will preparation and is highly personal. That’s why we take the time to really get to know you and your individual circumstances. We recognise the importance and the sensitivity of the topic and provide the level of care and attention it deserves.

As part of our estate planning process, we work through questions such as:

• Will your beneficiaries receive what you intend for them to inherit?
• What will happen to your business?
• How can you avoid unnecessary taxation and legal costs?
• Could you benefit now from changes designed to simplify your estate?

The time to start is now

If you haven’t already commenced estate planning, you’re not alone. A recent survey* revealed that almost 60% of SME business owners haven’t finalised personal, family and business arrangements for asset protection from events such as death, ill health, business disputes and relationship breakdowns.

Instigating a proper Will preparation and estate planning process is the best way to ensure your family and other beneficiaries (plus your business partners and shareholders) are looked after according to your wishes.

Estate planning can form an important part of your tax planning that can deliver tax benefits for you and your family.

Planning for the unknown – estate planning for Perth business owners

As much as we would prefer not to think about our own deaths, it’s important to plan for all eventualities when you’re a business owner, shareholder or partner.

Without clear plans in place, businesses can be wound up, stalled in legal proceedings for years, or fall into the hands of unintended recipients.

What will happen to your business?

• Do you want the business to continue?
• Will the business be sold?
• Will the business be wound up?
• Do you have business partners to take into account?
• How will the assets be distributed?

Control your own legacy

Estate planning is an opportunity to think about what you want to happen to your assets, including your business, in the event of death or disability.

AR & B Advisors can review your business structure and develop strategies to ensure that an effective estate plan is in order. We can work hand-in-hand with your lawyers to make arrangements for a Power of Attorney and Executor, and an enduring Power of Guardianship, if required. Our rigorous approach will make sure that the process to distribute your estate is free of unnecessary complications when the time comes.

We can assist with all aspects of estate planning, including:

• Will preparation and powers of attorney (in conjunction with a legal partner where relevant)
• Minimising capital gains tax
• Passing on a family business
• Assistance with charitable donations
• Asset protection
• Testamentary trusts
• Beneficiary advice
• SMSF advice
• Administration of deceased estates

* Bstar 2020/21 SME Research Report