The Value of Estate Planning
It seems that many of us still do not give much attention to estate planning (wills, superannuation death benefits, powers of attorney, and so on), until in our retirement years. For most of us, this turns out not to be a problem, because most of us will live to see grey hair in the mirror. The trouble is – and this is why estate planning is, after all, important – that it is the unexpected life events which catch out the unlucky minority. By nature those life events cannot be foreseen.
Estate planning is a process which empowers you to help your family, by putting in place contingency plans now: just in case. It means that if you are unlucky, those left behind will not be speaking the dreaded words “she [or he] would have wanted”. Instead, they will have in black and white what you in fact wanted. And it will be properly planned to take account of taxation, legal and other impacts on those relying on you.
For everybody in the earlier or middle stages of life, it is worth being reminded: although the chance of a sudden end to life is small, if it does occur the chance of it creating a nightmare is huge, if you have not properly planned.
If you would like our In House Solicitor, Sarah Hatch to establish a Family Will for your Family, please call Sarah on (02) 9410-2871 or email Sarah on sarah@taurusfinancial.com.au
Securitor Financial Group Limited is not responsible for advice provided by Sarah Hatch of Hatch & Associates Pty Ltd.