Legal Professional’s Guide To Building Wealth

Accounting, Tax & Financial Services for Lawyers

Legal professionals should seek expert guidance from accountants who understand their professional category and take time to appreciate their personal circumstances. Having dual-faceted knowledge is key to creating premium outcomes for lawyers – that’s why Wilson Pateras’ accountants and advisors familiarise ourselves with our legal client’s career goals and financial aspirations. The legal career path is a unique one: any tax or wealth management strategy you might put in place should match with your professional objectives.

Engaging an expert lawyer-focused accountant and financial advisor to review and discuss these matters ensures you’ll be making the correct distributions annually and remain compliant with the ATO. Doing so sooner than later allows your financial strategy to mirror that of your career progression.

Having worked with legal professionals at various stages of their career trajectory, Wilson Pateras know that consulting with expert accountants will only ever be to a lawyer’s benefit. Knowledge means the power of better decision-making, leaving you to progress your career with confidence – the aim of every lawyer!

Building Wealth & Financial Security

Strategies to help
minimise tax

Build effective tax planning strategies to legally minimise the amount of tax you pay. There are numerous ways such as deferring income, super contributions or to accelerate your expense deductions.

Build your investment

Develop a strategic investment approach and invest in asset classes that suit your risk profile.  Having the right structure is just as important as determining the right investment products.

Ensure you and your family
are financially secure

Ensure you and your family are financially secure by getting risk insurance, such as income protection and life insurance, particularly if you have young children or starting a family.

Plan and manage
your cash flow

Cash flow planning provides a detailed projection on money going in and out, removing the element of uncertainty and guesswork. You will have a good insight on what is affordable and plan for the family budget as well.

Grow your super and
plan for retirement

Building your retirement savings is one of the most tax-effective ways to create wealth. Whether your superannuation is a self-managed fund or an industry fund, there are many strategies available to boost your super and ensure your funds are invested in a strategic way so that you have enough money to live on when you retire.

Loans that suit your
financial circumstances

Take into consideration your financial circumstances and requirements when selecting the right loan for you, while also considering any tax implications and advantages.

Emma Warren, Partner and Projects and Development Practice Group Leader at Allens, shares her story on her legal career trajectory and approach to building financial security with Wilson Pateras.

Book A Complimentary Meeting

If you would like more information or to discuss this further please contact
us on 03 8419 9800 or book a meeting using the form below.

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Our expert lawyer focused Accountants and Advisers
that understand the law industry

Maree Pateras
General Legal Counsel

Mark Forte

Nick Street

Amy Buglass

Swinly Perera

Lasadi Felsinger
Financial Adviser