FINANCIAL PLANNING SERVICES

Estate Planning

Making thoughtful decisions now gives you peace of mind your hard-earned assets benefit your loved ones in the way you envision.

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Protecting your legacy with estate planning

Estate planning is the planning of the distribution of your assets, wealth, and possessions in the event of your passing or incapacitation. It encompasses the creation of legally binding documents that outline your wishes, such as wills, trusts and powers of attorney.

Why estate planning matters

Without a well-crafted estate plan, the distribution of your assets can become subject to legal complexities, lengthy court processes, and unintended tax burdens. Proper estate planning ensures that your hard-earned assets are transferred smoothly to your chosen beneficiaries, minimises potential tax implications, and safeguards the financial well-being of your loved ones.

Who needs to do estate planning?

Estate planning is not limited to a particular age group or wealth bracket.  It is relevant to anyone who has assets, family members, or dependents they care for. Whether you’re a young professional, a growing family, or preparing to retire, having an estate plan in place is essential. It’s especially crucial for business owners, parents with minor children, individuals with complex financial portfolios, blended families and those seeking to minimise estate taxes.

Securing your family's future with Financial Spectrum

Estate planning can be a sensitive topic, often evoking strong emotions. At Financial Spectrum, we recognise the deeply personal nature of this process. Our skilled financial advisors are adept at creating tailored estate plans that match your distinct financial and family circumstances.

Collaborating closely with you, we evaluate your financial status, explore your goals, and tackle any apprehensions you might have. Our commitment is to provide you with a customized estate plan that safeguards your legacy, optimises asset distribution, and minimises potential tax liabilities.

How we work with you

Our approach to estate planning is centred around you and your unique financial journey. We begin by conducting a thorough assessment of your assets, liabilities, and family dynamics. We then engage in meaningful conversations to understand your aspirations, and any special considerations you’d like to include, and address any concerns you may have.

With this comprehensive understanding, we work with solicitors to craft a tailored strategy that includes wills, trusts, and other essential documents. You have the choice of either working with our partner solicitors or we can liaise with your own legal advisors. Either way, our goal is to provide you with clarity, confidence, and the assurance that your legacy will be preserved according to your wishes.

As your financial partner, we remain committed to regularly reviewing and updating your estate plan to accommodate any life changes or shifts in your financial situation. This proactive approach grants you peace of mind knowing that your loved ones will be supported, and your hard work will leave a lasting impact.

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Brenton Tong was a huge help managing the financial aspects of our relocation to Australia. Professional honest advice from transferring money to purchasing our home.  Brenton was there to advise us through each step making this transition seamless and worry free. Thank you, Brenton, your advice was very much appreciated....
Fran and Kevin, Perth
Financial Spectrum never tried to sell me something. They asked me the right questions; they listened; and they’ve educated me. Now they’re where I send my friends and colleagues who need financial advice they can trust.
Emma, Sydney
We needed direction, including making decisions about investing in Australia or Ireland, where we’re from. Financial Spectrum has the experience to help us to decide on the right thing to do. And we were able to pay for the advice from our superannuation, which made a massive difference.
Brid, Sydney
After talking to four financial planning firms, we engaged Greg from Financial Spectrum to help develop our first financial/ wealth planning strategy. We've found his advice to be quite strategic, realistic and on-point such that it thoroughly considers our short-term and long-term goals. I especially appreciate Greg taking our adhoc...
Nakul, Sydney
Really impressed with Brenton and his team. Friendly, responsive, professional service. Takes the stress out of (and adds excitement to) planning for our future.
Alex, Sydney
We have been clients of Brendon for over a year now and how our lives have changed. Previously we could see no possible way we would be able to retire comfortably and be debt free, but Brendon gave us a road map to get to that point in four years....
Michael, Sydney

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We have been working with Spectrum Financials for a number of years. As a young couple thinking about marriage and starting a family were wanting some guidance for long term planning. After researching a number of financial advisors we decided to go with Brenton and his team due to their...
Duncan and Rebecca, Sydney
I had the pleasure of meeting Greg from Financial Spectrum, who impressed me with his professionalism and attentive listening skills. He provided invaluable insights into the intricate web of financial decision-making, which ultimately enabled me to purchase my first home. I'm thrilled about the prospects of my future, and I...
Elisabeth, Sydney
Brenton Tong was a huge help managing the financial aspects of our relocation to Australia. Professional honest advice from transferring money to purchasing our home.  Brenton was there to advise us through each step making this transition seamless and worry free. Thank you, Brenton, your advice was very much appreciated....
Fran and Kevin, Perth
Highly recommended team of advisors.
Caroline, Sydney
If you require any guidance or assistance with your finances, do not hesitate to reach out to Financial Spectrum. Greg and the team at Financial Spectrum are a group of authentic, sincere, and friendly financial planners. He prioritises getting to know you by asking the right questions without being in...
Grace, Sydney
Greg Suefong has turned my life around. I'd been searching for someone like Greg for a while and had spoken to various professionals, but all were disappointing. However, from the first consultation I knew Greg was "the one" and I signed up straight away without hesitation. He understood my unique...
Michelle, Sydney

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Frequently asked questions

Yes, having a will is essential, even without children. It ensures your assets go to the people or causes you choose. Without a will, intestacy laws decide how your estate is divided, which might not align with your wishes.

Yes, a will is important even if you don’t consider yourself to have significant assets. You might have personal belongings, sentimental items, or even life insurance policies that you would like to control the distribution of and ensure your loved ones are looked after.

Estate planning as a blended family can be complex due to the unique family dynamics. Professional help to incorporate provisions for your spouse, children from previous relationships, and shared children is highly recommended.

In Australia, superannuation is held in trust, and the trustee of your super fund typically has discretion over how to distribute it upon your passing. However, you can provide binding death benefit nominations or non-binding nominations to guide the trustee’s decisions. A binding death benefit nomination ensures your superannuation is distributed according to your instructions, while a non-binding nomination serves as guidance but gives the trustee some discretion.

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