Estate Planning
Frequently Asked Questions
- What happens if I die without a Will?
- What is an Enduring Power of Attorney?
- How often should I review my Estate Plan?
- What is a Testamentary Trust?
- How is superannuation dealt with in estate planning?
- What is an Enduring Power of Guardianship?
A proper estate plan ensures your assets will be managed and distributed according to your wishes. Estate planning is not just having an up to date will. It is particularly important for families with complex requirements such as previous relationships, defacto, blended families and providing for loved ones with special needs. It also includes making arrangements for incapacity or illness and involves succession planning for business arrangements.
“I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.”
Warren Buffet
CASE STUDY
Judith and her partner William saw one of our WPA financial consultants to discuss estate planning.
They have no children and Judith had several investment properties, shares and significant super savings.
“I wanted my investments to be passed on to my extended family and needed financial advice to make sure that happens,” she says.
Judith’s two brothers are not as well off as her. She wanted to ensure they would receive the health care they needed as they got older. She also wanted any remaining money to go to her two beloved nieces.
We put together an estate plan that will take care of Judith’s brothers, nieces as well as future generations by helping to set up a family trust. Judith’s will ensures all her assets will stay within the family trust for the benefit of her family.
“My WPA financial adviser helped me design an estate plan that will leave a legacy for my family long after I’m gone,” Judith says. “I’m confident my assets are protected for the benefit of future generations.”
