Estate Planning

November 15, 2019

Yours, mine and ours – tackling Estate Planning for blended families

When we get married, we’re often thinking about the positive side of our vows – the better, richer, and health part.
November 13, 2019

3 reasons why writing a will is so important

It's never nice to think about death and what will happen when you're gone, but it is important to have a plan mapped out in case a tragedy occurs.

SERVICES IN ESTATE PLANNING


TPT was established in 1887 to be an impartial and professional Executor and Trustee. Today, that remains a core part of our expertise. With more than 130 years of experience, we are the long game and can provide objective, independent and professional advice to manage your affairs from start to finish.

Creating a Will

Making the process of distributing your assets simple


Having a legal Will in place gives you peace of mind and removes any uncertainty about how your estate will be handled in the event of your death. Regardless of the size of your Estate - if you are more than 18 years of age you should make a Will and appoint an Executor. If you pass away without a Will, what is known as intestate, your Estate may be distributed under a statutory scheme and administered by someone appointed by the Court - usually a family member. The law is complex and may not provide for those you would want to benefit in the way you would like.

It is important to consider all of the regulatory requirements when creating a Will. The advantage of employing TPT Wealth to undertake your Estate Planning and Will preparation, as opposed to doing a Will kit or using a Solicitor, is our qualified and experienced Estate Planners will take care of everything for you. This includes helping you keep it up to date when things change in your life. The cost is also surprisingly low.

Appointing Power of Attorneys

Ensuring someone you trust handles your affairs should the need arise.


It is never an easy topic of conversation, but it is an important one. What if something happens and you are not able to make financial or medical decisions for yourself? By appointing someone under an Enduring Power of Attorney you are ensuring your long-term care is in the hands of a trusted person or entity. This legal document clearly sets out the limits of this power, so you can authorise them to do as much or as little as you wish.

Here are some examples of how an Enduring Power of Attorney can be used:

  • Use your available funds to pay your and your family’s everyday expenses, collect Centrelink or other Government benefits;
  • Manage your investments, transactions with banks and other financial institutions;
  • Buy and redeem insurance policies and annuities, lodge tax returns and pay tax assessments;
  • Claim property you inherit or are otherwise entitled to and hire someone to represent you in legal proceedings;

You may appoint more than one Attorney, for example, appointing your spouse, with the provision that if they are unable to act on your behalf, then an organisation such as TPT Wealth can act in substitution to look after your financial affairs.

Administration Under Guardianship & Admin Orders

Ensuring someone you trust handles your affairs should the need arise.


Unfortunately, situations arise where an adult is no longer able to make financial decisions or manage their property and financial affairs but has not appointed an Enduring Power of Attorney. In these circumstances, TPT Wealth can provide these services when appointed as Administrator by the Guardian and Administration Board. Once appointed, TPT Wealth is able to take control of financial and legal decisions on behalf of an adult who is no longer able to do so for themselves.

Revising your Will

'Life happens' and circumstances constantly change


‘Life happens’ and our circumstances are constantly changing as we celebrate births, marriages and purchasing property. There are also those unexpected life events such as divorce, disability and death that can significantly impact our lives and may require us to review our personal and financial objectives. It is important to review your Estate Plan on a regular basis - we recommend every 5 years or when your life circumstances change.

CALL US TODAY


Call this number to talk to an experienced estate planner.

Call 1300 138 044

WE'RE HERE TO HELP


1300 138 044
9-5 Monday to Friday
info@tptwealth.com.au
We reply within 1 business day

Devonport
53 Best Street
Hobart
137 Harrington Street
Launceston
Level 1, 113 Cimitiere Street

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