When should you review your estate plan?
Asset protection 101: the domino theory When it comes to asset protection principles, the number one thing you need to know is actually a simple well known theory that we were all probably taught as children; don’t put all your eggs in one basket. In the asset protection space, this concept is often described as […]
Real talk: Is an enduring power of attorney truly necessary? From time to time I am asked whether a power of attorney is truly necessary. Sometimes clients find the decision about who to nominate as an attorney to make their decisions if they lose capacity quite confronting, which is completely understandable. My answer about whether […]
Tips for choosing financial controllers under your estate plan One of the most fundamental decisions in your estate plan is who to nominate as your financial controllers i.e. your financial attorneys, executors and (if using a testamentary trust) trustees. While there are some legal rules surrounding who can be appointed to these roles, there are […]
Will a surviving spouse really benefit from a testamentary trust? This question has come up with clients twice in the last week and I thought my two cents (should it be five cents now?) was worth sharing with all the other readers of the blog. Further to my previous blog posts Testamentary trusts: worth every […]
To BDBN or not to BDBN, that is the question For a significant proportion of the Australian population, superannuation and life insurance held via superannuation will constitute one of their largest assets. However, there is a common misconception held by many that superannuation automatically forms part of the pool of assets distributed by their will. The […]
Assets in multiple states – the power of attorney solution One aspect of the Australian estate planning system that lawyers and advisers have resigned themselves to accept, but which clients often find ludicrous, is the fact that every Australian state has a different set of power of attorney forms required to be completed as part of a […]