Estate Planning Financial Advice in Parramatta
Estate Planning Strategy
We identify the financial-planning decisions that should support your legal estate plan, including asset ownership, superannuation beneficiaries, insurance, cash flow for dependants and the treatment of pensions, investments and business interests. We do not prepare wills or other legal documents and work with your solicitor where legal advice is required.
Succession Planning and Coordination
We help you plan for financial continuity if one person manages the family finances, or where there are business interests, blended-family considerations, inheritances or vulnerable beneficiaries. We coordinate our financial recommendations with your solicitor and accountant so each professional can address matters within their expertise.
Superannuation Beneficiaries and Tax
We review superannuation beneficiary nominations, reversionary pension options, potential death-benefit tax and liquidity needs as part of your financial plan. Fund rules and tax outcomes vary, nominations do not replace a will, and legal and tax advice should be obtained where required.
Our Estate Planning Advice Process
Financial advice can support your estate plan, but it does not replace legal advice or properly prepared legal documents.
1. Family, assets and objectives
We identify the people you want to provide for, your assets and liabilities, ownership structures, superannuation, insurance and any business or trust interests.
2. Financial risks and gaps
We consider debts, cash flow for dependants, liquidity, tax exposure, insurance needs and whether superannuation and pension arrangements align with your intentions.
3. Financial recommendations
Within our authorisation, we may recommend changes to superannuation nominations, reversionary pensions, insurance, investments, ownership or cash reserves. Our superannuation advice and retirement planning can be coordinated with this work.
4. Solicitor and accountant coordination
We explain the financial strategy to your chosen solicitor and accountant so they can provide the legal and tax advice and prepare the documents required.
5. Review after important changes
Estate-planning arrangements should be reviewed after marriage, separation, death, a new child, inheritance, retirement, property changes or a material change in wealth or health.
Wills, powers of attorney, appointments of enduring guardian, trusts and other legal documents must be prepared or reviewed by a qualified legal practitioner.
Discuss Estate Planning with a Financial Planner
Does your financial plan align with the legal estate plan you intend to put in place?
Arrange an initial conversation with Mohammad Hussein CFP® in Parramatta to discuss the financial aspects of your estate plan and how we can coordinate with your solicitor and accountant.