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is your estate planning upto date ? Our brisbane lawyers are here to help !
Despite what people might think, there is no one size fits all estate plan. Estate planning is more than just making a will and involves a careful analysis of your personal relationships and financial interests, whilst your Will is likely to be the primary component of your estate plan it is by no means the only component. Speak to one of our friendly estate planning Lawyers in Brisbane today.
An effective estate plan is much more than just a will and there can be significant advantages to exploring issues such as asset protection, business succession, the establishment of trust funds, superannuation, taxation and insurance.
An effective estate plan can also put in place strategies for dealing with unforeseen events such as health problems that might result in you being unable to manage your own financial or personal affairs in the future. Planning ahead is key to preserving and growing your wealth, both for your future and that of your loved ones.
Power of Attorney
A Power of Attorney is a separate legal document from your Will. It allows you (the principal) to appoint someone you trust (an attorney or attorneys) to make decisions for you during your lifetime. These decisions can be personal in nature such as health matters which relate to personal or lifestyle decisions such as support services, where and with whom you live and your health care more generally. You can also appoint an attorney or attorneys to make financial decisions that relate to the management of your finances.
Superannuation
If you have superannuation and have a Binding Death Benefit Nomination in place in respect of your superannuation policy, then in the event you make a power of attorney - your attorney may be able to change your nomination.
It is always best to speak with an estate planning lawyers first.
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If you would like to chat to a Brisbane Lawyer we offer a FREE 20 minute telephone consultation.