As we welcome the new year, many of us take time to reflect on our goals and aspirations.
We make promises to ourselves to eat healthier, exercise more and do something new.
Amid all the self-improvement, however, it’s easy to overlook one important aspect of our lives: estate planning.
Estate planning involves more than just preparing your Will and Enduring Power of Attorney.
It’s about making sure your loved ones are protected and that your wishes are respected.
Updating your estate plan is actually a very thoughtful and considerate act you can do for the benefit of people you care about and who depend on you.
There are many reasons why updating your estate plan should be high on your list of New Year’s resolutions.
These include: ensuring your assets are distributed according to your wishes; and avoiding costs – dying without an up-to-date estate plan can trigger lengthy and costly processes and occasionally court proceedings.
Updating your estate plan may not be the most glamorous task, but it’s an important one
Trent Wakerley, Director, Kruger Law, Level 3, Ocean Central, Ocean Street, Maroochydore, 5443 9600, krugerlaw.com.au
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