Our Services

ESTATE PLANNING

HOW WE WORK

Fox and Thomas provides estate planning services which take account of the specific situation of individual clients. Preparing your Will isn’t something that should be taken lightly. A properly considered and implemented estate planning process involves arranging your assets and circumstances to ensure that your beneficiaries derive from your assets the maximum use and enjoyment possible at a minimum cost in taxes and duties.

Fox and Thomas lawyers provides an estate planning service that is particularly attuned to the needs of our agribusiness and general business clientele. Our advice will deal not just with the distribution of personal assets at the time of your death, but with a carefully considered and well set out plan for passing your assets and business on to your beneficiaries.

Our estate planning services include:

OUR EXPERTISE

basic wills and estate planning

Everyone’s personal and financial situation is unique and deserves professional advice to ensure their wills and estate planning are properly organised.  But sometimes the result of that advice is a relatively straight forward will.  Where your assets are held personally and you are passing your assets in your will to your spouse and in the alternative to your children – a simple will may be sufficient.  We will explain the options to you when you meet with us and only recommend a simple will if that is all your situation requires.

preparation of testamentary trust wills

Dealing with complex personal, financial or business matters in estate planning will often result in a will that relies on trust arrangements to make sure your wishes are carried out.  These testamentary trust wills can also provide significant benefits in reducing tax imposts, protecting vulnerable beneficiaries or keeping particular assets intact for future generations.

When you talk to us about your estate planning we give careful consideration to your individual circumstances and will recommend a testamentary trust option where we believe it will provide the results you want and offers significant benefits to your family.

powers of attorney

Unfortunately, there are times in your life when you may not be able to take care of your affairs by yourself.  This may be because of illness, age related difficulties or because of a temporary condition caused by accident or injury.  In this case a power of attorney document provides the legal guidance as to who can make decisions about your health and financial matters.  While many people believe only the elderly need a power of attorney we recommend them to all our clients as you never know when unfortunate circumstances may make it one of the most important documents you ever sign.

advance health directives

If you are facing a serious medical illness an advance health directive can provide the peace of mind that comes from knowing you have given clear instructions about your particular health care expectations.  This detailed document is prepared in consultation with your medical practitioner and includes a wide range of health situations so that you can let family, friends and hospital staff how you expect to be cared for if one of those situations should arise.

estate administration

  • Obtaining grants of probate on a will in both New South Wales and Queensland and resealing the grants as required in either state.
  • Applying for letters of administration in both New South Wales and Queensland when the deceased has died without leaving a will.
  • Preparation and finalisation of deeds of arrangement or agreement when the beneficiaries agree without court process to a variation in their entitlements.
  • Transferring land, water licences and other entitlements from a deceased either to a testamentary trust or to a beneficiary in both New South Wales and Queensland.
  • Collecting funds from banks, superannuation funds and other financial institutions with or without a grant of probate.
  • Transferring shares from a deceased to the entitled beneficiary or to the executors for sale and distribution of proceeds.
  • Preparing minutes of meetings for trusts and companies to reflect changes in the officeholders and controllers of the entity;
  • Liaising with valuers and accountants for the purposes of ascertaining the capital gains tax implications on assets received under a will or the rules of intestacy.
  • Ensuring beneficiaries are properly entitled to the proceeds of the estate and obtaining effective discharge for the executors on payment or transfer to the beneficiaries.

Have Any Questions?

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