Downsizing, death and distribution

Join us for valuable insights into estate planning, estate management and options for downsizing, including retirement living, intergenerational living, and aged care.

Introduction:

As we journey through life, we encounter numerous crossroads, especially when it comes to choosing who will look after our affairs when we are unable or where to live and how to invest our resources. Our aim is to share the knowledge and practical insights to help you make decisions about:

• Estate planning
• Estate administration
• Checklist for when you are selling your home
• Downsizing options: RVs, units/houses, and intergenerational living.

Broaden your local network

Representatives from various local industries, including retirement living, care providers, senior peak bodies, end-of-life services, and social support, will be present at the meeting. We offer a relaxed setting where you can meet these individuals face to face and keep them as part of your network if or when needed.

There is no one-size-fits-all solution.

Our speakers, drawing from years of experience and expertise, have distilled complex information into practical tips that can be applied to your circumstances.

This seminar comprises two comprehensive sections:

1. Estate Planning and Administration
2. Downsizing Options

Whether you're considering revisiting your estate plans, seeking reassurance about the solidity of your existing plans, or selling the family home, this seminar holds value for you.

We encourage attendees to bring any questions they may have regarding estate planning or retirement relocation.

For further details or to RSVP, please contact KJB Law or Phillips Wealth Partners.

Estate planning & administration

Even if you have a will in place, the question will be, is it going to achieve what you want? Estate planning involves arranging for the management and distribution of your assets and wealth after your death. It typically involves drafting legal documents like wills, trusts, and powers of attorney to ensure your wishes are carried out and your assets are transferred smoothly to your chosen beneficiaries. Estate planning aims to minimise taxes, avoid probate, and provide for loved ones according to your wishes.

Estate planning administration, on the other hand, involves the process of executing the estate plan after the individual's death. This includes tasks such as probating the will (if necessary), identifying and valuing assets, paying debts and taxes, and distributing remaining assets to heirs and beneficiaries according to the terms of the estate plan. Our seminar will focus on elements of estate planning administration and important decisions and considerations that need to be addressed to ensure that the deceased person's affairs are settled in accordance with their wishes and legal requirements.

Downsizing or Rightsizing: moving in retirement

In a rapidly evolving environment marked by shifting territory planning, aging demographics, and housing needs, the concept of "rightsizing or downsizing" is emerging as a crucial topic of discussion for numerous residents in Canberra. Our seminar is designed to provide expert insights into the legal and financial aspects of three primary strategies for individuals seeking to make the move to a smaller housing environment.

Join us to explore:

1. Transitioning to Community Living:

Learn about the legal and financial aspects involved when moving from your family home to a unit or apartment. Discover the benefits, challenges, and crucial factors to consider when making this important lifestyle change.

2. Intergenerational Living Solutions:

Explore innovative intergenerational arrangements, including granny flat interests and co-ownership arrangements. Gain insights into how to prepare for a successful co-existence, and traps to avoid.

3. Retirement Village Insights:

Understand the intricacies of retirement village entry,

In addition, our expert panel will discuss the contractual arrangements, stamp duty concessions, and superannuation downsizing contributions. They will also provide valuable information on budgeting and managing associated costs.

WHO SHOULD ATTEND

People who are: preparing for retirement, in retirement and also people researching the option of downsizing, want to learn more about the options available to them in terms of apartments, intergenerational living and about living in a retirement village community.

NEED TO KNOW MORE ABOUT THE SEMINAR?

Call Shradha Deo 02 6281 0999 or

Email: shradha@kjblaw.com.au

THE SPEAKERS

Jo Twible. Principal & solicitor, KJB Law

Commencing with KJB Law in 1997, Jo Twible has extensive experience in Retirement Village and Aged Care entry and exit, Residential Conveyancing and Commercial Property Law. Jo participated in the Review Advisory Group to the ACT Government with respect to Retirement Village legislation and has provided Continuing Legal Education regarding the intricacies of this more complex area of conveyancing.

KJB Law is an independent Canberra Law Firm, which has operated continuously in Woden since 1978 and was voted the Best professional services and Business of the year award 2021. KJB Law and its staff are recognized in the Doyles Guide for the quality of the services it provides.

Craig Phillips. Director, Senior Financial Advisor and Accredited Aged Care Professional™ at Phillips Wealth Partners

His dedication to the sector was recently recognised as the Aged Care Specialist Award 2023 and Program of the Year finalist 2023. Craig Phillips and his team are dedicated to helping their clients achieve their life or business goals, with clarity, insight and certainty in a true partnership.

Craig has three decades of experience in the financial services industry, completed all the educational and ethical benchmarks set by the government and is actively involved in the local FPA and SMSF association chapters in the ACT. Craig specialises in preparing financial strategies for retirement living, downsizing, granny flat rights and permanent residential aged care.

He is also the ACT Ambassador for the future2 Foundation, a keen cyclist and age group triathlete.

Mitchell Chatfield, solicitor, KJB Law

Mitchell hails from far warmer Perth. He moved to Canberra to study, and to escape the heat. While studying, he worked in a firm which specialised in handling wills, estates, and property, and this sparked an ongoing interest in the peace of mind that thorough estate planning can offer. Mitchell enjoys helping each client with his or her particular family and assets structure, ensuring what they achieve is in line with protecting the client's best interests.

His areas of focus include:

• Estate-planning, including wills, enduring powers of attorney, and enduring guardianships in the ACT and NSW;
• Succession-planning for trust and company structures;
• Superannuation death-benefit payment methods;
• Family-provision claims;
• Estate administration, including obtaining grants of probate and letters of administration in the ACT, NSW, and Queensland.
• Something he often finds overlooked is the importance of the enduring power of attorney and/or enduring guardianship.

Mitchell believes how we're treated in our moment of need is of critical importance. He also firmly believes that many anxieties can be assuaged by clients clearly addressing what they do and do not permit their family and friends to do.

Luisa Capezio. Aged Care Advisor, Phillips Wealth Partners

Luisa is the co-director at Phillips Wealth Partners and Accredited Aged Care Professional™ . She has extensive experience in the healthcare sector across multiple therapeutic areas.

Her role at Phillips Wealth Partners is to ensure individuals and families find the best solution for loved ones who need support to either stay at home or are ready to take the next step into a retirement village, downsizing or residential aged care arrangement. Luisa also chairs a local board focusing on different models of care for people living with dementia.