At 50, Sarah stood on the precipice of a significant life transition. Her children had flown the nest for university, her debts were dwindling, and the horizon of a new chapter beckoned. Yet, the sudden and unexpected loss of a close friend, who left behind chaos and discord due to the absence of a will, was a stark wake-up call. The turmoil of organising a funeral and the family’s struggle with debt and relocation illuminated a critical gap in Sarah’s life preparations.
For years, Sarah’s financial advisers had echoed the same refrain: “You need a will,” without delving into the essence of what that truly meant. Sarah’s existing will, crafted in the early days of parenthood, was a mere three pages long, a simple directive leaving everything to her husband and, in turn, to her children. Back then, their assets were non-existent, overshadowed by looming debts. But times had changed, and the stakes were undeniably higher.
The thought of facing death or incapacitation without a clear understanding of the implications for the surviving spouse or children was daunting. Sarah pondered over crucial questions: How could they safeguard their assets to ensure they remained within the family? Was there a way to minimise taxes and prevent the potential spoiling of their children?
In her quest for answers, Sarah encountered a financial guide unlike any other. This advisor, known for their heart-centred financial advice, began not with numbers and legal jargon but with a deep dive into Sarah’s values and aspirations. At the core of Sarah’s values was her family, and the advisor’s methodology resonated deeply with her.
The advisor introduced Sarah to a simple yet profound three-step process tailored to family wealth management and trust and estate planning. This process wasn’t just about tax strategies or legal formalities; it was about weaving Sarah’s values into a plan to protect and nurture her family’s wealth through generations.
Three-Step Process:
1. Understanding Your Values:
The journey begins with a clear articulation of your core values, with family often taking centre stage. This foundational step ensures that all subsequent planning aligns with what matters most to you
2. Goal Discovery:
With your values as a guiding light, we explore your long-term goals. This isn’t just about financial targets but about the legacy you wish to leave for your loved ones and the impact you envision.
3. Estate Planning Blueprint:
Armed with a deep understanding of your values and goals, we craft a tailored trust and estate planning blueprint. This plan encompasses not only the distribution of your assets but also strategies for tax minimisation, asset protection, and the cultivation of financial responsibility in heirs.
Secure Your Family’s Future Today
Don’t let uncertainty dictate the future of your family’s wealth. Take the first step towards a secure legacy by downloading our comprehensive eBook, “What Is a Real-Life Estate Plan?” Dive into the essentials of family wealth management and discover how to keep your wealth within your family, forever.
Contact us for a complimentary meeting with a Perth Financial Advisor for a more personalised journey. Together, we’ll explore how you can safeguard your family’s wealth, aligning your financial plan with your deepest values and aspirations.
Secure your legacy with a plan that transcends the mere distribution of assets. It’s about nurturing and protecting what matters most: your family.
General Advice Disclaimer
Please note, the information provided herein is general in nature and does not take into account your personal circumstances. It is not intended as legal, tax, or personal advice. Always seek personalized financial advice to ensure that your estate planning aligns with your unique situation and goals.