Estate Planning

Secure Your Legacy: Comprehensive Estate Planning

Effective estate planning is about more than just having a Will. It’s a comprehensive strategy to protect your hard-earned assets and ensure they are transferred to the right people, at the right time, and in the most tax-effective way. A proper plan provides certainty for you and financial security for your loved ones.

For a quick summary or to explore our detailed articles on specific estate planning consideration, please see the links below

Why a Will Isn’t Enough

A common and costly mistake is assuming your Will controls all your assets. In reality, some of your most significant assets—like your superannuation and life insurance policies—operate outside your Will. Without the correct, valid nominations in place, these assets may not go to your intended beneficiaries, leading to family disputes and unintended tax consequences.

Our Collaborative Approach to Estate Planning

A complete estate plan requires seamless integration of both expert financial and legal advice. At Concord Wealth, we take a ‘big picture’ approach.

We collaborate on the legal components: We do not provide legal advice or prepare legal documents such as Wills, Testamentary Trusts, or Powers of Attorney. Instead, we work closely with a network of specialist estate planning lawyers.

Our role is to ensure your financial plan—your super, insurance, and investments—perfectly aligns with the legal structures your solicitor creates. This integrated strategy is the key to building a complete fortress around your legacy.

Our collaborative process ensures all pieces of your plan work together:

Superannuation & Life Insurance Nominations: We provide direct financial advice on your nominations to ensure your proceeds go to the right people in the most tax-effective way.
Wills & Testamentary Trusts: We work with your solicitor to ensure your Will and any advanced trust structures are properly considered within your overall financial plan, particularly for asset protection and tax-effective inheritances.
Enduring Powers of Attorney (EPOA) & Guardianship (EPOG): We help you understand the financial importance of these documents and refer you to your solicitor to have them legally drafted, ensuring your chosen representative can manage your affairs if you are unable to.

A Warning on DIY Will Kits

We strongly advise against using “do-it-yourself” Will kits or generic online templates. While they may seem like a cheap and easy option, they are a false economy. These one-size-fits-all documents cannot account for your unique personal circumstances, complex assets, or blended family structures. A simple error, an ambiguous term, or an improper signature can invalidate the entire document, leaving your estate to be distributed by a government formula—not your wishes. The cost of fixing a flawed DIY Will in court is exponentially higher than the cost of professional advice from the start.

Clarity for Every Situation

Estate planning is for everyone, but it is absolutely essential if you:

Are part of a blended family.
Own a business.
Have complex assets or investment structures.
Want to provide for vulnerable beneficiaries.
Wish to minimise tax and protect your assets for future generations.

Don’t leave your legacy to chance. Contact Concord Wealth today to arrange a consultation and gain the peace of mind that comes from having a comprehensive and secure estate plan.