Estate planning isn't only for the wealthy or the elderly — it's for anyone who wants certainty about what happens to their assets, their business, and their loved ones. A clear plan saves your family stress, cost, and conflict at the hardest possible time.

A couple reviewing their estate plan with documents
An up-to-date estate plan is one of the kindest things you can do for your family.

Start with a valid, current will

A will sets out who receives your assets and who administers your estate. To be effective it must be valid, current, and reflect your present circumstances — major life events like marriage, divorce, children, or buying a business are all reasons to review it.

Beyond the will

A complete plan usually goes further than a will. Powers of attorney and enduring guardianship appoint people to make financial and personal decisions if you lose capacity. Testamentary trusts can provide tax-effective, protected structures for beneficiaries. And business owners need a plan for what happens to the business itself.

  • A valid, current will
  • Enduring power of attorney (financial decisions)
  • Enduring power of guardianship (health and lifestyle decisions)
  • Consideration of testamentary trusts and superannuation death benefits

Probate and administration in WA

After death, the executor usually needs a grant of probate from the Supreme Court of Western Australia to deal with the estate. A clear, well-drafted will makes that process far simpler; an unclear or out-of-date will can lead to delay, cost, and disputes.

This article is general information only and is not legal advice. Laws change and every situation is different — please contact KD Legal for advice tailored to your circumstances.

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