Preparing for your family’s future
It may be awkward, but it’s important to decide who you want to inherit your assets when you die. Find out how you can give instructions to your family about your legal and medical preferences should you fall ill or lose the capacity to make those decisions yourself.
An estate plan establishes directions on how you want your assets distributed after your death, including how you will be cared for, medically and financially, if you become unable to make your own decisions in the future.
You must be over 18 and mentally competent to form your estate plan. Key items might include:
- Superannuation death benefit nominations
- Testamentary trust
- Powers of attorney
- Power of guardianship
- Anticipatory direction