For a lot of people, a New Year’s Resolution is something that goes in one year and out the other….
The start of the new year is the ideal time for you to review and update your estate planning.
As your life changes, so should your plan.
- Purchased a substantial asset?
- Welcomed a new addition to the family?
- Changed your marital circumstances (eg. recently married, divorced or commenced a new relationship)?
- Suffered an unfortunate relationship breakdown with friends or family members?
Do you intend benefitting a person who is your Attorney?
Should you be taking steps to demonstrate that any benefit to your Attorney has not been as a consequence of the Attorney’s undue influence?
Can you locate your existing estate planning documents and, in particular, the original of your Will?
Updating your estate plan will typically involve a review of your:
- Enduring Power of Attorney;
- Life insurance policy; and
- Superannuation arrangements.
Superannuation is often one of a person’s most valuable asset.
Many clients are unaware that Superannuation Death Benefit Nominations can lapse and become non-binding after three years.
Get that New Year’s Resolution to update your estate planning underway today !