Making a WILL | Estate planning in Australia

Most people don’t like to talk about their mortality and, as a result, most people ignore their estate planning needs. But this is a very important subject and, if you are over the age of 18, you really need to start on your estate plan.

Put simply, an estate plan is your instructions as to what happens with your assets if you pass away or become unable to make decisions for yourself. To have a comprehensive estate plan in place you need to consider a number of different elements and this can be a very complex area of advice, particularly if your situation is a little complicated.

Today I am going to be looking at one aspect of estate planning and that is the will. In future I will cover off other areas including testamentary trusts, enduring powers of attorney, enduring powers of guardianship and nomination of beneficiaries.

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