|Have you made a Will, or considered what will happen to assets such as your home, Superannuation or Investments? Take steps to ensure that your loved ones are protected and provided for.|
|Where there’s a will, there’s peace of mind|
|If you were to die without a Will (Intestate), your assets may not be divided according to your wishes. The points below illustrate some of the problems your family could face if you die without proper estate planning. |
In most states and territories in Australia, if you die Intestate leaving behind a spouse and children, your spouse is entitled only to a prescribed amount, plus a portion of the remainder of the estate. The rest is divided between the children, regardless of their age.
Superannuation does not automatically form a part of your estate, leaving the trustee of the fund to choose where the funds are directed. Their decision may not be what you intended.
Money in joint bank accounts automatically passes on to the other account holder. This could mean that other loved ones cannot access assets that you may have intended for them. The same rule applies for homes owned in joint names.
|Make sure that your family does not have to face these problems. Speak to a solicitor or talk to us on 1300 700 189 or1300 700 189 or email us about estate planning.|