What is estate planning and why is it important?
Believe it or not, everyone has an estate. Your estate includes everything you own including real estate, vehicles, money in your bank account, furniture, investments, shares, life insurance, even personal possessions.
Whilst most people don’t want to think about death in the prime of their life, it is important to decide what will happen to your assets when you die and plan for who will manage your financial and health care decisions if you were incapable of making those decisions yourself.
This is essentially what estate planning is; making sure you have a plan for what will happen to, not only your “estate” when you die but also how you will be cared for medically and financially if you are unable to make your own decisions in the future.
The key documents in establishing your estate plan include your Will, Enduring Power of Attorney and Advance Care Directives.
At Andersons we have a number of lawyers practising in all areas of Wills and Estate Planning from drafting Wills, Powers of Attorney, Advance Care directives through to Family Trusts, Testamentary Trusts, contested estates and asset protection advice and assistance. Call us on 1800 653 655 to arrange an initial consultation.
We can address many of your specific inquiries in the following sub-categories: