Estate planning involves developing a strategy to deal with your assets in the way that you want after you die – the legal instruments and structures, such as a will, you put in place to transfer your assets in the event of death.
Ensure you and your family have sufficient knowledge and skills to manage risks as it can be a complex topic. Be prepared to seek assistance from advisers to ensure that your estate plan will deliver what you want.
Use this handy checklist if you plan to write a will.
Read Canstar's detailed article covering what is included in a will, how to write a will, what isn't covered and some FAQ's.
Learn more about wills and other estate planning issues from Moneysmart.
Listen to David Koch on why writing a will that is clear is critical.
Learn how to make sure all your personal, financial and business affairs are taken care of when you pass way from this detailed estate planning guide.
There are 2 types of powers of attorney and each state has different rules - you can find out more from the relevant agency in your state or territory from this Australian government website.
Argyle Lawyers has written a series of estate planning articles. You might be interested in:
The power of attorney
The enduring guardianship
The advance health directive
This guide answers some of the more commonly asked questions about powers of attorney.
Check out ASA's estate planning resources, including the Estate planning series written by Argyle Lawyers and the Intergenerational wealth planning recorded seminars.
Tax is a major consideration in estate planning - learn more from the ATO.