My relationship with this family began many years ago when I first advised the father. What started as a straightforward financial planning engagement soon became something far deeper and more meaningful. I supported him through one of the most difficult chapters of his life, the loss of his wife, helping him make clear, confident decisions at a time when emotions understandably ran high. As his circumstances changed, I guided him through the transition into aged care, ensuring his financial affairs remained well structured, his dignity preserved, and his wishes clearly documented.
When he later passed away, the groundwork we had laid proved invaluable. I worked closely with the estate to ensure his legacy was distributed exactly as he intended. The estate was carefully structured into three separate testamentary trusts, each designed to support one of his adult children while providing flexibility, tax effectiveness, and asset protection. This was not just about distributing assets, it was about protecting opportunities and giving the next generation a strong financial foundation.
Today, I continue to advise all three children. What has been most rewarding is seeing firsthand the real-world benefits of thoughtful intergenerational planning. One son is currently navigating complex family law proceedings, and the protections built into his testamentary trust have proven critical. Assets that could have been vulnerable are instead safeguarded, providing stability during a challenging period and reinforcing the long-term value of strategic advice.
This journey, from supporting a grieving widower, to administering his estate, to protecting the financial wellbeing of his children, highlights why I do what I do. It is a powerful example of how trusted advice, delivered over time, can positively impact multiple generations and truly change outcomes for families.
Michael Sheridan
Authorised Financial Adviser 000438317
Morgans Port Macquarie
Want to read some of our client reviews?
Review by: Anonymous (Morgans Client)
"My husband and I have been clients of Morgans Financial for over 35 years. Five and a half years ago my husband passed away but the reports and the support continued and I cannot imagine how difficult it would have been without the support I received from Sam Wicks from Morgans. The communication and reports always come to me and passed to my accountant as well. Morgans also communicate with my accountant when and if necessary. When my husband passed away, Sam Wicks from Morgans guided me and my accountant through all of the changes that were necessary to ensure the results we wanted to achieve. Since then, I have constant communication to make sure that my portfolio is suitable and up to date for my requirements and I receive wonderful service from the "front desk" right through the organisation. There is always a person to advise on any matters relating to my situation. I highly recommend Morgans Financial."
Review by: Robert (Morgans Client)
"My wife and myself are extremely happy with the amazing service Greg Harris and his team at Morgans in Port Macquarie provide us. I would recommend anyone looking for financial advice to speak with Greg and his team the service and support they provide is first class."
Review by: Dina (Morgans Client)
"My husband & myself have been clients of Morgan's for some years now. And while most of the time we have corresponded with Suzi, with our needs & requirements, we have recently met Harrison. As we live some distance away, most of our interactions are by email &/or phone. Never once have we felt that Morgan's did not have our best interest at heart. Initially, it was with Suzi, that we had our chats, but Harrison came into our world last year, & though he may sound young on the phone, meeting him in person recently, he was surprisingly conversant with the industry, & intuited what we felt we needed, with our investments. So, we are more than happy to recommend Morgan's for your money matters."
Review by: Mark (Morgans Client)
"Dealing with Sam at Morgans is an absolute pleasure. His ability to blend serious financial advice with genuine concern and personal interest in us as clients, is superb."
Review by: Debbie (Morgans Client)
"I have recently retired, and as my family has been using Morgens for many years, I also decided to have them help me plan my self-funded superannuation.I started working with Michael Sheridan; to achieve this, I have always found Michael to be friendly, knowledgeable, and very professional in all my and my families dealings with him, and I value his experience and have found that nothing is ever a problem.I have and will continue to refer him to my friends and acquaintances as his guidance is invaluable to me and will continue to be so."
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