Recent changes in legislation and modern family structures mean that a careful approach to estate planning is very important. In the past, specifying in a Will who would benefit from your assets when you died was usually sufficient; however, this is no longer the case.

The aim of Estate Planning is to minimise emotional and financial hardship for the people you care about. To establish a comprehensive estate plan you will need to:

• Consider your circumstances and the options available to you
• Set up clear, legally recognised arrangements that will ensure your wishes are carried out in the event of your death or incapacity.

A current Will remains the cornerstone of a good estate plan. However, depending on your circumstances, a Trust may also be necessary to protect your assets. You should also set up Enduring Powers of Attorney to provide for your personal care and welfare, as well as the ongoing management of your assets and financial arrangements, if you should become incapacitated.

The information on this website about estate planning is of a general nature and is not a substitute for legal or other professional advice. You should always seek advice relevant to your personal circumstances before you make any decisions about creating a will, setting up a trust or enduring power of attorney or changing any of your current arrangements.