On the Fifth Day of Christmas my partner said to me - still no wills and oops - it's nearly January!

Posted on 15 December 2011

This is a good time to look at your Estate Planning. But why are these documents so important?

Will: Deals with a number of matters including who receives your assets and in what proportion, who will look after your children and any burial instructions.

Power of Attorney: Allows someone to act in your capacity to sign documents or make decisions for you regarding your property and finances if you can’t.

Enduring Guardianship: Appoints a guardian for you if you become incapacitated who can make decisions about your residence, physical care and treatment.

Advance Health Care Directive ("Living Will"): Provides your guardian with detailed instructions as to what you want to happen if you become incapacitated, (e.g.) treatment to be provided or not provided.

Binding Death Benefit Nomination: States who is to receive your Superannuation, without this, the trustees of your Super Fund can distribute your superannuation to whoever they want.

If you need assistance with completing your Estate Planning wishes, contact Dooley and Associates and we will be happy to assist you.