Aged care and estate planning

Often, we assume estate planning simply involves making it clear in a Will who we would like to inherit assets when we pass away. However, while a Will can help ensure your estate is distributed according to your wishes, it may not be effective in dealing with a significant portion of your wealth.

For example, the proceeds from superannuation funds and life insurance policies don’t automatically form part of your estate, which means that addressing these investments in your Will may be ineffective unless you take some important additional steps.

A well-prepared and executed estate plan can ensure that your wishes are carried out so that the right assets go to the right people at the right time, in an efficient and tax-effective manner.

It can also ensure that if you’re unable to make important financial and lifestyle decisions for yourself, the right person of your choice is able to step in on your behalf.

View our Guide to planning your estate, opens in new window, which outlines the key tools and strategies you could use to achieve your estate planning objectives.