Comprehensive Estate Planning in Victoria
Estate planning is one of the most important steps you can take to protect your family and ensure your assets are distributed according to your wishes. Yet many Australians delay this process, leaving their loved ones exposed to uncertainty, conflict and unnecessary costs.
At Parkland Rhodes, our experts in Wills & Estates provide thorough, compassionate advice tailored to your individual circumstances – whether your estate is straightforward or complex.
Did you know? An estimated 45%-52% of Australians do not have a valid Will.
Dying without a Will (intestate) means the law – not you decides who inherits your assets.
Our Estate Planning Services
A properly drafted Will is the cornerstone of any estate plan.
We draft Wills that clearly reflect your wishes, including:
- Simple and complex – Wills for individuals and couples
- Wills with testamentary trust provisions to protect beneficiaries
- Mutual Wills for couples seeking binding arrangements
- Reviewing and updating existing Wills after life changes
- SMSF Wills
A Power of Attorney (POA) authorises someone you trust to manage your financial and/or personal affairs if you become unable to do so. We prepare:
- Enduring Powers of Attorney (personal and financial)
- Medical Treatment Decision Maker appointments
- Advance Care Directives
A testamentary trust is established by your Will and comes into effect upon your death.
It may provide significant tax benefits and asset protection for beneficiaries, particularly minor children or vulnerable adults.
- Discretionary testamentary trusts
- Protective trusts for vulnerable beneficiaries
- Child maintenance trusts
When a loved one passes away, we can guide the executor through the administration process with compassion and efficiency:
- Applying for Probate in Victoria
- Letters of Administration (where there is no Will)
- Distributing the estate to beneficiaries
- Contested estate and estate litigation advice
Do I really need a Will?
How often should I update my Will?
We recommend a review every three to five years even if nothing has changed.
What happens to my superannuation when I die?
We advise on binding nominations and strategies to ensure your super goes where you intend.
Can my Will be challenged?
A well-drafted Will with accompanying documentation can reduce the risk of a successful challenge.