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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After choosing Financial Spectrum as my financial adviser I have a better understanding of my financial situation. Their expertise and industry knowledge have equipped me to develop clear goals and a step-by-step plan to achieve them. It was daunting with the complexities of my trust and company structure, but Financial...
Jake, NSW
I have been extremely happy with the service Financial Spectrum has provided. I would gladly recommend them to anyone wanting a truly talented group of financial planners on their side.
Sam, NSW
The team at Financial Spectrum are experts in a complex area: specialising in creating financial solutions for up and coming young executives. They recognise that this group have special needs, and their wealth creation strategies and tax solutions are tailored specifically to suit. They are about strategy, not just products....
Toby, Sydney
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
If you want a knowledgeable and honest financial advisor you can trust, I recommend you talk to Brenton Tong of Financial Spectrum. About four years ago when I was considering retiring I needed someone to review our financial situation and tell me if we had enough funds to retire. I...
Terry, 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

Results

I have really enjoyed working with Brenton and the Financial Spectrum team. Meeting with Brenton has provided us with value that spans well beyond just purchasing an insurance product. He has provided fantastic guidance in our wealth building journey and has been a great contribution to both my partner and...
Nicole, Sydney
The team at Financial Spectrum have been a huge help to my wife and I. Our planner has given really helpful advice including the development of a SMSF. We feel like he has taken considerable time to understand our unusual circumstances and has tailored to them. We feel understood, significantly...
Chris and Kerry, Sydney
After a lot of research I chose Brenton Tong as my financial advisor. I had interviewed a lot of planners and was really impressed by his knowledge and technical skills as well as his ethics. The support staff are very helpful. Nothing is too much trouble. A great team.
Kieran, Sydney
We were referred to a financial planner at Financial Spectrum by a friend of ours. We are so glad that we contacted them. We can honestly say that booking that first appointment was a turning point in our lives.
Patrick and Louise, Sydney
Greg, is an absolute legend!!!  Thanks for your assistance and expertise, I talked to numerous SMSF refinance experts who all found my situation too hard and complex to deal with. Greg provided the best unbiased advice resulting in settlement this week. Will definitely stay in touch, highly recommend Greg's services.
John, 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

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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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