Estate Planning Health Check
In 4 quick questions……
A Health check for your Estate Planning may not be life saving but it can save the ones you love a lot of angst and pain. Try our quick quiz and see how you perform:
Question One
Is your Will:
· Current (up to date with changes in your life),
· valid,
· comprehensive (covers all of your assets)
· protective (against challenges and loss), and
· addressing all of your legal obligations?
Question 2
Do you know how you are gifting ‘non-estate assets’ such as:
assets held jointly (eg joint bank accounts, or your home if you own it as a joint tenant),
businesses,
superannuation,
assets held in a trust?
Question 3
About your Will, Enduring Power of Attorney and Enduring Guardian documents, are you confident:
· about where to find them,
· that your nominations are still the best choice for your current circumstances, and
· that the powers you have given are comprehensive and not too liberal?
Question 4
Regarding your life insurance and superannuation, are you clear about:
· who are your beneficiaries,
· if your superannuation nomination is lapsing, and
· the benefits of other life and superannuation nomination options (such as choosing your estate)?