Estate Planning and Putting Your Personal Affairs in Order
The tragic bushfires have touched us all. Recent events reinforce the message about estate planning and putting your personal affairs in order. None of us know what is around the corner.
You should:
- Have your Will professionally made or reviewed to ensure it suits your current circumstances
- Store the original Will in a secure location and make sure your executor knows where it is
- Make a list of your assets, liabilities and important personal information (including insurance details). This should also be stored in a secure location and available to your executor
Taking these simple steps will avoid the personal anguish and expense involved in trying to locate a Will and asset/insurance details. There is no central registry for these documents.
Making a Will also has the added benefit of giving you a say in the way your assets are distributed, rather then relying on a predetermined legal format which probably does not suit your individual circumstances or those of your intended beneficiaries.
MST Wills and Estates Services
- Wills and Powers of Attorney
- Estate Planning and Testamentary Trusts
- Probate/Administration of deceased estates
- Challenges to Wills/Inheritance Disputes
Author: Paul Watkins
