fbpx Skip to content
Secure your family’s financial future through comprehensive estate planning with Newcastle Financial Planning Group's experienced financial advisers.

Estate planning is the process of working out how to distribute and protect your wealth. This process is important for everyone. It doesn’t matter how little or how much money you have. 

It is an important process as it helps determine how your estate is divided in the event of your death. It can help to lessen the legal burden for surviving family members during what would already be a difficult and emotional time. 

Our experienced team at Newcastle Financial Planning Group can help you design an appropriate estate plan tailored to your wishes. 

Image 1
What are the Components of an Estate Plan?

When it comes to creating a robust estate plan that ensures your years of hard work and wealth building can be passed onto your loved ones safely, there are various components to consider including:

A Will 

Creating a Will is easy; however, it requires the asset distribution to be under probate. Thorough estate planning advice helps you understand the process better. Always remember that probate entails lots of technical paperwork and may even require legal assistance. 

A Trust 

A trust can be challenging to set up; this also requires professional advice to ensure it fits your needs. The good thing is it can ease the burden on your intended beneficiaries, as it comes with specific benefits compared to a Will. 

Superannuation Binding Nominations 

Superannuation Binding Nominations are a specific type of nomination that allows individuals to designate beneficiaries for their superannuation funds, ensuring that the funds are distributed according to their wishes upon their death. Superannuation proceeds are distributed separately to the Will. 

A Power of Attorney 

A Power of Attorney is a legal document that grants authority to a chosen individual to make financial, legal, and personal decisions on behalf of another person (known as the principal) in situations where the principal is unable to act or make decisions themselves. 

Enduring Guardianship 

Enduring Guardianship refers to a legal arrangement where an individual appoints a trusted person to make decisions on their behalf regarding personal and lifestyle matters, such as healthcare, accommodation, and other important aspects if they become incapable of making such decisions themselves. 

Advanced Healthcare Directive 

An Advanced Healthcare Directive is a legal document that allows individuals to outline their specific medical treatment preferences and healthcare decisions if they are unable to communicate or make decisions for themselves. 

Estate Planning Advice » estate planning
Secure Your Family’s Financial Future with an Estate Plan

 When you have an estate plan, you can rest assured that your estate is in good hands. You don’t have to worry about who will take care of the family or how they will be cared for. You also don’t have to worry about whether or not your wishes will be carried out because they are already legally documented – a crucial step that definitely makes a huge difference. 

Find out more about your estate planning options – speak with a Newcastle Financial Planning Adviser. 

How Estate Planning Can Help You

Secure Family’s Financial Future

Creating a Will or Trust

Ensure Your Estate is Secured

Protect Your Assets

Need Help to Get Started? Contact Us Now!

Getting sound estate planning advice means that when it comes time for death, there will be no surprises at all! 

Our team over at Newcastle Financial Planning Group can help you design an appropriate estate plan. If you require advice in this area or would like to know more, call us on 1300 143 510.

Book Your Initial Meeting Today! 

Writing your Will is the first step to properly planning for your estate. While it may seem like a daunting task, it’s important not to skip this step. 

With the right tools and guidance, writing a Will can be done in just a short time – and with proper planning, you can make sure that your loved ones receive everything they need after you’re gone. 

If you’ve never written a Will or if it’s been a while since you last updated yours, we recommend consulting a solicitor before proceeding further. You’ll want someone who knows what questions to ask about probate laws and procedures so that they can help ensure that everything goes smoothly when someone else needs access to information about their assets. A financial adviser and a corporate authorised representative can offer a range of financial products and strategies to complement your estate plan. 

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Back To Top