Estate Planning

Planning for the management of your assets in the years to come is considered Estate planning. When planning for your retirement it is vitally important that you take into consideration a number of underlying factors. Modifying your will, establishing who you would like to have Power of Attorney and setting up respective trusts will ensure that the management of your estate is carried out in accordance to your requests. The decisions regarding your retirement income will impact on your estate planning decisions too.
Important items to consider;

• Will I spend all my capital or do I consider putting aside some capital out of my retirement income to be left to my beneficiaries?
• Is it important to draw up or modify my will?
• Is it best to appoint a Power of Attorney now, before my health deteriorates, as there are risks allowing someone else to have the power of making decisions on your behalf.
• Superannuation beneficiaries, if my children are all grown, is it important that I change my nominated beneficiaries and what happens to money still in my superannuation should I die?

To see how an Oculus advisor can assist you with your Asset / Estate management and planning, contact us on 07 5536 3755.