Estate planning involves reviewing and considering your assets and liabilities to put in place a plan that meets your wishes and the unique needs of your family.
This effectively means you control how your assets pass on your death, rather than leaving it to legislative formulas. Although an essential part, a will is only one part of a comprehensive estate plan.
A comprehensive estate plan will:
Provide certainty and protection to your family
Avoid disputes among family members
Secure the wealth you have built up
Minimise tax through strategy and key provisions
Appoint your childrens’ guardian
Prevent poor financial decisions by putting in place mechanism to help guide your beneficiaires
The team at BlueRock made my estate planning straightforward and simple to understand. Ryan was a great help, always being there to answer my questions and taking the time to have several meetings to make sure we got it right. You could tell they really cared about setting us up correctly and now I can sleep easy at night knowing it’s all sorted.
True Blue Plumbing
Working with the BlueRock Private Wealth team over the past few years has been both enjoyable and a great experience. It has assisted me and my business partner to have our personal finance, estate planning and business planning managed professionally and easily. Their breadth of experience and practical knowledge has enabled us to take control of our future, and ensure we are ready for what the future may throw at us.
888 Property Group
Given the current situation, I was keen to ensure that my will and estate were in order. I reached out to Ryan at BlueRock and found the whole process seamless and thorough. The response time was excellent and the team was able to manage a fairly detailed portfolio and identify a number of areas where I could reduce estate costs and give me security about the outcome. In addition, it led to a thorough and very useful review of all my insurances!
Our Approach to Estate Planning
No two estate plans are alike and that’s because every person’s situation is different.
We work closely with you to understand what’s important, who you trust and what you want to protect.
We focus our estate planning process on:
Understanding your wishes, including the distribution of your estate and specific gifts
Understanding any family issues that may affect the strategy of your estate plan
Understanding who the important people are in your life, including beneficiaries, but also persons who may be appointed to certain roles in your estate plan (executor, powers of attorney and guardians of children)
Structuring your estate plan, including understanding how assets and liabilities should be dealt with on your death and the establishment of Testamentary Trusts in a manner which is tailored to your specific circumstances and objectives
Superannuation planning, including nominations of beneficiaries and other possible options
Tax structuring to minimise the tax payable on your death but also in the future given that an effective Estate Plan can put in place trusts and strategies that may exist for many generations
Life insurance advice to ensure appropriate levels and types of insurance are in place to ensure the required asset base is transferred to loved ones on death
Managing your wealth, and your wealth protection, can be an emotionally charged process.
Our aim is to provide you with an unbiased professional voice and a trustworthy sounding board.
Once we have a detailed understanding of your personal world, the BlueRock Private Wealth team works closely with BlueRock’s specialised estate planning lawyers to review your circumstances and draft up tailored solutions for each of the key components of a comprehensive estate plan.
If you already have a will or estate plan in place, we’ll work with you to ensure it reflects your current situation and supports your broader wealth management strategy.
What’s included in a comprehensive estate plan?
Rights to Occupy
Superannuation Proceeds Trusts
Strategic Gifting of Share Ownership in Companies
Guardianship of Children
Personal and Financial Powers of Attorney
Medical Powers of Attorney
Download our Guide
Estate Planning Strategies to Protect Your Family, Business and Assets