Estate Planning Lawyers
Central Coast

When looking to the future, estate planning represents an opportunity for peace of mind for yourself, your family, and any other stakeholders in your assets. Ryan & Seton Estate Planning Lawyers can help you create a comprehensive succession plan that will make things easier and secure your wishes for the future.

Whether you have a small portfolio or are managing large income-producing assets and businesses, our experienced estate planning solicitors will work with you to create a strong estate plan that will protect your assets, and ensure your beneficiaries receive what they deserve.

Estate Planning

Estate planning goes beyond drafting a Will. It includes assessment of assets, assessment of likely taxation, advice regarding the possibility of claims against the estate by third parties, and the protection of assets.

Estate planning is an active process of re-evaluating the estate when circumstances in life change, such as your relationship by marriage or divorce, assets, working conditions, superannuation and insurance policies, and establishment of discretionary trusts. A successful plan is made involving all family members as it will take into account not only provisions for your retirement income but also the plans, aptitudes and existing assets of younger generations.

Ryan Seton lawyer preparing Probate documents
RnS training (1)

Creating Your Succession Plan

It is very important to have a succession plan in place that makes the transition easy not only for yourself but also for your family or employees and minimises the chances of your business or assets having to be sold up when you leave.

Our team will assist and guide you in creating your succession plan, ensuring that all contingencies are accounted for, ensuring you can have peace of mind knowing your wishes will be executed when necessary.

Contact An Award-Winning Central Coast Law Firm

Business Succession Planning

If you own a business, it’s not just your family you need to think about. It’s crucial you plan out what should happen to your company should you be unable to continue running the business.

Without an adequate succession plan for your business, your family or employees could be left scrambling to try and figure out what to do. This could lead to a loss of jobs, an inexperienced person taking over, the closure of your business, or other serious consequences.

Ryan & Seton Lawyers can help you create a comprehensive succession plan that will ensure the future success of your business.

Preparing Your Will

After planning out and discussing all influencing factors on your estate, we will then aid you in preparing your will. Your Will will be prepared in such a way to help protect your family from expensive estate litigation after your death. Everything that has been discussed during your estate planning phase is now put into place, as we help you secure you and your family’s future.

It’s during this phase we will also strongly recommend that you put in place plans for any future incapacity through Power of Attorney and Enduring Guardianship documents. For more information on Wills, visit our Will preparation and planning page.

Ryan & Seton's Estate Planning Specialists

When Planning Your Estate, You Need To Consider

Changing Circumstances

Assets & Liabilities

Parties You Should Consider

Changing Circumstances

Assets & Liabilities

Parties You Should Consider

Why Choose Ryan & Seton Law

Progressive Advice

Our experienced lawyers know how the legal system works for you and we stay informed and skilled on the latest developments in the industry. This means better outcomes for you.

Personal Approach

Our compassionate and professional team gets to know you and your situation - we support and guide you through the challenging time of dealing with a deceased estate.

Proven Results

98% of our cases are settled outside of Court, meaning you can achieve success as quickly and efficiently as possible, without the added time, stress and expense of going to Court.

Estate Planning FAQs

There are numerous social and financial impacts an inheritance can have on your beneficiaries.

Financial impacts to consider:

  • Tax: Assets, superannuation, and lump sums being aggressively taxed if not set up correctly
  • Government benefits: Disability support or other income assistance programs
  • Debt: interest payments and other liabilities

Social impacts to consider:

  • Readiness to receive money: Mismanagement of inheritance due to vulnerabilities such as gambling and alcohol
  • Impact on Relationships: Jealously and envy impacting those who benefit less than others in the inheritance
  • Future Circumstances: Divorce or Bankruptcy impacting the inheritance

Gifting a main or large asset to one member of your beneficiaries can disadvantage others and potentially lead to internal disputes and complications.

A way to avoid this problem is by equalising your estate via insurance.

This involves increasing your life insurance so that one member can receive the specific asset, and others can receive a higher payout via insurance, effectively equalising the inheritance.

It is recommended that you speak to an estate planning solicitor if you wish to consider this option.

It’s natural for wealthy parents or grandparents to be concerned about the effect a large inheritance they leave may have on their family. There are financial tools and strategies available to ensure what you leave behind isn’t mismanaged. Speak to our expert estate planning lawyers for more information.

If a beneficiary feels they were treated unfairly, they may be able to challenge the estate distribution. There are ways to minimise this risk, and our estate planing solicitors at Ryan & Seton Lawyers will advise you if we feel your estate may be at risk of being challenged.

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Fiona Jones
Fiona Jones
The team at Ryan & Seton Lawyers are exceptional they are the ones you want when you need guidance in all your law matters. Michael is exceptionally professional and knowledgeable but is respectful and personable at all times. Michael was recommended to me by a colleague and friend to assist in my family law matter and I couldn’t be more thankful to him and his team. At one of the most difficult times in my life when I didn’t know where to start as my previous consults with a lawyer had left me more confused. From the first phone call and every correspondence after with himself or his wonderful assistant Tayla I felt informed and clear regarding my case and always took the time to ensure the process was as easy as possible. I am forever grateful to Michael for his hard work and is definitely someone who you would want in your corner.
Sheridan Ridley
Sheridan Ridley
The staff at Ryan and Seton helped me with consent orders and property transfer after a difficult separation. Dominique was compassionate and explained the process clearly, and Mel was wonderful to deal with - communication was outstanding! Gail and Mikaela were so patient whilst waiting for the transfer to go through and were super supportive. Thank you!!!
Jason Seage
Jason Seage
When signing our first commercial lease my partner and I were very nervous about all the things that could go wrong. The best thing we did to help relieve the stress was hiring Tony Ryan and his team to help us sort through all the legalities. They were with us from start to finish. They simplified the process and answered every question we had, we wouldn’t hesitate to recommend Tony and his team. We are now confidently opening up our first business thanks to Tony.
laura mcguire
laura mcguire
Thanked forever grateful ....
andrew kingsley
andrew kingsley
I can not envision a better outcone to a traffic matter that i had Timothy Bowring handle for me at wyong court yesterday. Above and beyond all expectations, i highly recommend Ryan & Seton Lawyers, particularly Timothy Bowring.
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