Estate planning is much more than having a will – it’s about planning for what happens to your assets and affairs after you die, as well as who takes charge of your affairs in the event you lose capacity.
And while these are two prospects no one wants to face, it’s a situation where prior planning makes all the difference to loved ones, so they don’t have to deal with confusion when they’re already grieving.
Families come in all shapes and sizes, so it’s important to be careful in your decision making, so that your assets are passed onto the right people, at the right time.
When you’re planning your will, it really helps to talk to a professional, so you can work through scenarios, understand the tax implications for beneficiaries and structure your options.
This way, your instructions will be clear and comprehensive.
You also need to make arrangements for your superannuation, because it is not bundled up with other assets in your will. It’s treated separately.
Estate planning can be highly emotive. Contact us, we will help you through it with sensitivity and expertise.