Planning Your Will

Who will be your beneficiaries?

How will your estate be shared among these beneficiaries?

Who will you nominate as residuary beneficiary, if the main beneficiaries die?

Have you made adequate provision in your will for your dependants?

Who will you appoint as executor/executrix for your will?

Do you want to appoint an alternative executor/executrix?

Do you want to appoint a guardian for your children? Who will this be?

Do you want to give other directions, such as where you would like to be buried?

Do you need to consider estate planning? For example, do you

·         want to pass on a family business;

·         have a superannuation payout;

·         want to make a gift to a charity;

·         have capital losses;

·          have property which may be caught by capital gains tax i.e. it was purchased before 19 September 1985;

·         have life insurance;

·         have family debts; or

·         want flexibility in distributing your assets, for example, there are more kids on the horizon or for tax purposes?

If you are establishing a trust, have you decided on a suitable trustee(s)?

Do you want to arrange and pay for your funeral in advance?