Succession planning and elder law albury
We have an aging population with considerable wealth and this can bring many challenges when transfering wealth to younger generations. Circumstances become complicated by the frequency of second marriages between people who have children from previous relationships, or when there are assets held in trusts or by private companies. There is also increasing wealth in superannuation funds, and complex taxation and other laws governing these issues that need consideration.
Our Albury 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 even most complex of circumstances.
In many circumstances wills are not the sole determinate of estate planning, so we also focus on planning regarding trusts, superannuation and private companies.
There are also different considerations for families who own farms or other businesses in the Albury Wodonga region, including a range of succession issues, if the intention is to pass the farm or business onto the next generation.