Wills, Estates & Probate

Estate Planning

In plain English

Organising your affairs, through a will and related documents, so your assets go where you want and your loved ones are looked after.

What it means

Estate planning is the process of arranging how your assets will be managed and distributed during life and after death. It usually includes making a valid will, but also considers superannuation nominations, powers of attorney, guardianship, testamentary trusts and how jointly held assets pass. Good estate planning takes account of state and territory succession laws, tax, and the risk of family provision claims. It aims to reduce disputes and ensure the right people are cared for. Australia has no inheritance or death tax.

How it's used

Their estate planning combined new wills, enduring powers of attorney and updated super nominations.

Dealing with estate planning in real life?

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