Top Tips to Ensure Your Estate Plan is Working for You and Your Family

Ensuring your estate planning and wills are up to date is an important but often forgotten task. Life is unpredictable and if for some reason the unthinkable did happen, having your estate and will in order guarantees that those you love are looked after how you want them to be. In the video below we will guide you through the why, what, who and how of estate planning and wills so that you can rest assured regardless of what might be around the corner.

In this video, you will learn about topics including:

• Why it is never too early to consider your estate planning

• Key times in life when you need to review and update your plans and will

• Remember that your superannuation is directed by your beneficiary nomination, not your Will

• Why a Will is a working document that needs to be reviewed every 2 – 3 years at a minimum.

• The things to consider in the planning and will creation process:

  • Your executors – the people who administer and carry out your Will

  • guardians for your children

  • What ages you would like your children to be to have access to Estate Assets

  • Who should look after those assets for your children in the meantime and should they be in a trust?

  • Can your Will be contested?

  • Equalisation between children and beneficiaries

  • What is a memorandum of wishes?

  • What happens if you need an enduring power of attorney – if you lose mental capacity while living.