The Exchange by EW&L Private Wealth Doing Nothing about Estate Planning – Does it Matter?
Our longer lives and increased wealth have taken the traditional area of estate planning to a whole new dimension. When you add other layers of life, including superannuation, blended families, family trusts and businesses, downsizing, aged care, later life singlehood and disinheriting, just to mention a few, what used to be a neat and tidy landscape is now far more abstract. Confronting our future and planning for, and documenting, it has never been more important. Doing nothing about it is an option. If you choose this option, at least understand what it means for your family after you’ve departed. It’s not just what it means for the passing of your wealth but, far more significantly, the effect on relationships within your family. That can be the real legacy of avoidance.
In this Webinar, Brian Herd from Hopgood Ganim will bring his over 40 years of experience in the field addressing the downsides of doing nothing and the upsides of doing something and how to do that something well. He will explore what makes a good will as opposed to a bad one, how to deal with related entities like trusts and the importance of other documents, such as the Enduring Power of Attorney. It will be riveting and motivating.
Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.