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Secure your business and your
future by contacting us today.

Our team is ready to talk to you about your business accounting needs and your personal wealth management strategy. We look forward to providing you with a flexible, highly tailored and truly personalised experience.

    Estate Planning Accountant

    Preparing your estate plan is an important part of your overall wealth management strategy. You want to make sure that when you are gone, your assets are distributed according to your wishes. But if you don’t have a formal plan in place it’s possible that your estate could end up heading to the courts for settlement… which is the last thing you want!

    There is a lot of work involved in estate planning, much more than just writing a will. In fact, it involves developing a detailed strategy around wealth distribution and can have many complicated features.

    The best way to approach it is to talk to an estate planning accountant or financial advisor. Here at North Advisory, our team has the knowledge and experience to help guide you through the process.

    Consult family and friends

    Consult family and friends

    Writing your will is certainly a key part of the estate planning process, but it also includes information about the way in which you will be cared for financially and medically if you can no longer make your own decisions.

    Plus, you can include the creation of a trust… this would see your assets managed by a chosen trustee until your beneficiaries reach an age where they are able to access the assets responsibly.

    Selecting the people you wish to manage your affairs is a sensitive topic. It should be done in consultation with trusted members of your family or closest friends. Careful consideration is needed when you are appointing each role, as it is a very personal decision.

    Tax considerations

    Tax considerations

    Any transfer of assets has the potential to trigger tax implications for your beneficiaries and again this is something you need professional guidance on.

    You should discuss all tax considerations with your estate planning accountant to make sure you implement a strategy that focuses on tax minimisation or at least evenly shares the tax burden across all your beneficiaries rather than impacting only one or two people.

    And if you have your own business, estate planning can be a helpful aspect in preparing your succession plan.

    In this instance, it is best that you seek expert advice to ensure your legal requirements are properly taken care of and you avoid family disputes. Contact our team today to find out more about how we can help you.

    CASE STUDIES

    How North Advisory helped a start-up <br>succeed</br>

    How North Advisory helped a start-up
    succeed

    Rebecca Spencer founded Becscomm in 2017 and made the decision to engage the services of North Advisory right from the start. Our professional accounting services have enabled Rebecca to grow her business and feel confident that she has a dedicated team focused on the financial side of Becscomm.

    The right business accounting for Brilliant Digital

    The right business accounting for Brilliant Digital

    From the minute she met the team at North Advisory, Deb Croucher knew that she had found the answer to her business accounting needs. Over the past ten years, our marketing accountant services have helped her build her small digital marketing business, Brilliant Digital, into an industry leader.

    More than <br>just an</br> accountant

    More than
    just an
    accountant

    After having the same accountant for many years, Debbie Boyce faced the difficult task of finding a replacement service provider. Her longstanding, somewhat conservative accountant was retiring and she knew it was time to find a new partner… someone with extensive management accounting skills.

    Secure your business and your
    future by contacting us today.

    Our team is ready to talk to you about your business accounting needs and your personal wealth management strategy. We look forward to providing you with a flexible, highly tailored and truly personalised experience.