Description

Guest presenter and estate planning solicitor, Joshua Auld, discusses the importance of having the correct documentation in place so that your estate is administered as per your directions in the event of your death.

A will is the most important document in estate planning, and appointing a substitute decision maker is a very close second.

Joshua discusses why correctly prepared documents can reduce both time and cost when a person’s will is executed. What may seem a less expensive option up front can end up costing the person’s estate significant amounts of money in the longer term.

In this episode:

• What parts of estate planning does a person need to consider?
• Wills explained – Solicitor vs Public Trustee vs Will Kit
• Risks if your will isn’t completed correctly
• Terminology used in estate planning
• What happens if a person dies with no will (intestate)
• Josh’s experience in admitting a video will to probate in Queensland
• When a person cannot legally make a will (capacity)
• Appointing an attorney – your substitute decision maker
• Decisions that a substitute decision maker make
• Loss of capacity without a substitute decision maker
• Revoking an Enduring Power of Attorney

Resources mentioned:

• Enduring Power of Attorney WA 
• Enduring Guardian WA
• Power of Attorney/Enduring Power of Attorney Qld
• Power of Attorney/Enduring Power of Attorney NSW
• Enduring Guardian NSW
• Power of Attorney/Enduring Power of Attorney Vic
• Power of Attorney/Enduring Power of Attorney SA
• Advance Care Directives SA
• Enduring Power of Attorney Tas
• Enduring Guardianship Tas
• Power of Attorney/General Power of Attorney NT
• Advance Personal Plan NT
• General Power of Attorney/Enduring Power of Attorney ACT
• Let's Talk Consultation

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