Certain assets can't be passed on to your family or loved-ones by a Will. Therefore, you should make seperate plans to cover what happens to these when you pass away.
Common issues you should deal with as part of your estate plan, in addition to writing a Will, include:
- tell your superannuation fund how you want them to deal with your superannuation benefits (by signing a binding death nomination form).
- tell your life insurance provider how you want any benefits allocated.
- make arrangements to pass on any family trusts you control.
- consider whether property (eg, your family home) will automatically pass to your partner as a joint proprietor.
Creating a Will online, is not suitable for everyone. We recommend you seek personalised advice from a lawyer if:
- you have complicated estate arrangements.
- dementia or other health issues affect your capacity to make a Will.
- there's a concern your children or partner may challenge your Will.
- you have substantial assets including family trusts.
For these more complex cases, it is worthwhile to get professional advice.
