|
To help you remember some of the information covered in these fact sheets, we've prepared a Will Checklist. You can download this and use it if you're thinking about making your own will. 1. Who will be your beneficiaries? 2. How will your estate be shared among these beneficiaries? 3. Do you want to leave part of your estate to a charitable organisation? 4. Who will you nominate as residuary beneficiary, if the main beneficiaries die? 5. Have you made adequate provision in your will for your dependants? 6. Who will you appoint as executor(s) for your will? 7. Do you want to appoint an alternative executor(s)? 8. Do you want to appoint a guardian for your children? Who will this be? 9. Do you want to nominate an amount of maintenance for your children? 10. Do you want to give other directions, such as where you would like to be buried? 11. 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? 12. If you are establishing a trust, have you decided on a suitable trustee(s)? 13. Where will you put your will? Have you told anyone, e.g. the executor where it is? 14. Do you want to arrange and pay for your funeral in advance? LAW FOR YOU Read this: This fact sheet is intended to be general information about the law in Australia. It is not a substitute for legal or other professional advice. Lawscape Communications Pty Ltd, Fairfax Interactive Pty Ltd or MoneyManager does not accept responsibility for loss to any person, who either acts or does not act because of this fact sheet. © Lawscape Communications P/L Last Updated – March 2007
|
Each week financial advisor Noel Whittaker answers your
questions.
