During challenging times, many begin to feel uncertain of what the future may hold. Particularly in times of uncertainty, it's important to have your estate planning reviewed and ensure your will and estate plan is current.
More recently, the COVID-19 pandemic has seen a deadly virus spreading around the world. While many may not want to consider the worst-case scenario, ensuring your affairs are in order is a logical strategy for you and your family.
Not sure where to start?
We've collated an eight-point checklist to ensure your Will is current, up to date and legally binding.
- Do you have a Will that provides instructions as to the distribution of your property upon your death?
- Does your existing Will still make sense? Are the people or entities named as executors, trustees, guardians or beneficiaries still alive and able to perform their role or accept their gift under your Will?
- Does your existing Will name a guardian for your minor children in the event that you predecease them?
- Do you have an Enduring Power of Attorney appointed to handle your financial matters in the event you are incapacitated?
- Do you have an Enduring Guardian appointed to make medical decisions for you in the event you are incapacitated?
- If you have a Will, does it say what you want it to say?
- If you have an Enduring Guardianship and/or Power of Attorney are you appointing those you trust and want to appoint?
- Have your Estate matters been prepared by a lawyer and meet the requirements to make your Will legally binding?
Didn't check 8/8?
Our expert legal team are available to support you all within the Government's COVID-19 health guidelines.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.