Do I need a Will?

A Will is generally the most important document any person signs. After death the terms of a Will can only be altered by a court and unless a court intervenes, the Will regulates how the deceased’s assets are to be finally dealt with. There are many things to consider as part of your Estate Plan. Before you proceed with having any Estate Planning & Will documents produced, you and your loved ones should carefully consider the following questions (where applicable):

(a) Who should be the executor of my Will?

(b) Who should be appointed to make financial, personal and medical decisions on my behalf if I lose the capacity to make these decisions myself?

(c) If my first named executor or attorney is not able to act, who would I appoint?

(d) Other than my immediate family, are there any other individuals or entities I would like to leave part of my estate to?

(e) In the unfortunate circumstances that I and my immediate family die together, who should my estate pass to?

(f) If my life partner and I both die together, who would look after my children (i.e. who should be the guardian of your children)?

(g) Are there any specific wishes I would like noted?

(h) Are any specific estate planning strategies likely to be useful for my intended beneficiaries, for example testamentary trusts, superannuation nominations or pre death asset transfers to diminish the value of your wealth at the date of death?

As you can see there are many factors to be considered prior to making your Will!

Integral Financial Planning is  located on the Gold Coast and can assist you and help facilitate your Wills and overall Estate Plan with specialist lawyers in these areas.

With the latest technology we can assist you regardless of your location and welcome you to make contact with us on 0755592250 for an initial consultation at our expense.

You should seek personal advice prior to implementing any strategies as there are many rules and limitations that need to be considered, please refer to our general advice warning, terms and conditions.

This material has been provided by third party specialist lawyers.

Written by

Justin is the Director and Principal Financial Planner of Integral Financial Planning located on the Gold Coast. He has over 10 years of experience if providing Financial Planning Advice and is an Authorised Representative of GWM Adviser Services Limited. He can be contacted on 07 55592250