If appointed as your financial attorney (via an enduring power of attorney), we can help protect and manage your assets in the event you lose capacity. We step into your shoes and only ever act with your best interests in mind.
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If you lose capacity and you do not have an enduring power of attorney we can be appointed as your financial administrator to manage your affairs for you. Always acting in your best interest.
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We can help you protect your assets by acting as the trustee of a trust, for example, which may provide wealth creation and other benefits for you and your family.
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We deliver trustee and financial management services for individuals who receive a lump sum compensation payment.
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We can help you create a meaningful and ongoing legacy, that can start during your lifetime or on your passing and will continue to benefit future generations or causes close to your heart through charitable giving.
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We work with Australia’s largest Supported Independent Living (SIL) providers to support the management of a resident’s personal funds.
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We provide taxation advice to executors administering an estate; we aim to minimise any taxation liability of the estate and seek to prevent an executor becoming personally liable for any taxation consequences. We also provide business, Self-Managed superannuation fund and personal taxation advice including the preparation of tax returns
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Investment bonds are a way to save for the future and can be used as an alternative tool in estate planning. Investment bonds have unique benefits including tax-free death benefit payments for beneficiaries and increased protection against estate challenges
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What is estate administration?
The process of collecting and dealing with a person's assets after their death in an effective and timely manner, and in accordance with their wishes, is known as estate administration. The executor or next of kin is usually responsible for administering a person’s estate, and is how their assets can be passed on to their loved ones or beneficiaries as laid out in their will.
What services does Australian Unity Trustees provide in estate administration?
Australian Unity Trustees can act as your executor to administer your estate in line with your wishes in your will. We can also act as the executor of someone else's estate if you are named as the executor but wish to renounce your role. If someone has died without a will, Australian Unity Trustees can be authorised to act as the administrator of these estates.
How much does estate administration with Australian Unity Trustees cost?
You can view Australian Unity Trustee’s here, which outlines a fee structure based on the value of the estate’s assets. Fees will be paid out of the estate.
What is an executor, and what are their responsibilities?
An executor is a person appointed by the deceased in their will to manage their estate and distribute assets to beneficiaries. The executor's responsibilities include paying debts and taxes, locating and managing assets, and distributing assets to beneficiaries according to the terms of the will.
What are the benefits of appointing a professional executor?
Appointing a professional executor can ensure that the estate is administered effectively and in a timely manner. Professional executors understand the legal responsibilities involved and will act independently and impartially. Additionally, the estate administration process can be lengthy, complex, and demanding, and a professional executor can alleviate the burden on family members or friends.
This information is provided by Australian Unity Trustees Limited ACN 162 061 556, AFSL 483220. Australian Unity Trustees is a wholly owned subsidiary of Australian Unity Limited. Any advice on this site is general advice only, and does not take into account the objectives, financial situation, or needs of any particular person. It does not represent legal, tax, or personal advice, and should not be relied on as such. You should obtain financial advice relevant to your circumstances before making any decisions. You should seek specialist advice from a tax professional to confirm the impact of this advice on your overall tax position. Information on this site is intended for Australian residents only and any access to this material via the internet is subject to the Terms and Conditions of Use of our website and our Privacy Policy.
Nothing in this site represents an offer or solicitation by Australian Unity Trustees in relation to securities or investments in any jurisdiction. Where a particular financial product is mentioned, you should consider the Product Disclosure Statement before making any decisions in relation to the product, and Australian Unity Trustees makes no guarantees regarding future performance or in relation to any particular outcome. Whilst every care has been taken in the preparation of this information, it may not remain current after the date on which it is published, and Australian Unity Trustees and its related bodies corporate make no representation as to its accuracy or completeness.