Succession planning for blended families
Our Private Clients experts discuss succession planning issues for blended families, including using testamentary trusts and mutual wills, how to deal with super and the effects of marriage, separation and divorce.
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Janene Bon and Claire Hawke-Gundill discuss the effect of a change of relationship status, such as entering a de facto relationship, marriage, separation and divorce, on succession planning and outline some implications and actions for people to consider.
Laura Hanrahan and Janene Bon discuss superannuation considerations for blended families, outlining the strategies required to ensure a person’s wishes regarding their superannuation will be carried out after their death.
Juliet O’Brien and Laura Hanrahan discuss mutual wills. When are they a useful strategy for estate planning for blended families and what are some of the disadvantages?
Juliet O’Brien and Laura Hanrahan discuss the additional challenges for succession planning for blended families, especially if there are family assets to pass on, and why it’s vital to properly consider the succession planning.
