Estate Planning

Wills & powers of attorney- Preparing for your family’s future

No-one wants to think about death in the prime of life. But it’s important to decide what will happen to your assets when you pass away.

It’s estimated that nearly half of all Australians pass away without a will, or ‘intestate’. Don’t let this happen to you. Make a will today.

A good will and estate plan can help make sure your wishes are carried out after you have passed, or if you are no longer able to make your own decisions.

Wills

A will takes effect when you pass away. It can cover things like how your assets will be shared, who will look after your children if they are still young, what trusts you want established, how much money you’d like donated to charities and even instructions about your funeral.

Keep your will valid and up to date as your legal rights change, specifically if you:

  • marry;
  • divorce or separate;
  • have children or grandchildren
  • if your spouse or beneficiaries pass away; or
  • if you have a significant change in financial circumstances such as recently retiring.

Testamentary Trusts

Watch the video below as JHK Legal CEO Patrick Hanrahan presents an in-depth look at testamentary trusts and demonstrates why they are extremely useful in the right circumstances.

Powers of Attorney

Appointing someone as your attorney gives them the legal authority to look after your affairs on your behalf. We always recommend an enduring power of attorney where you appoint a person to make financial and legal decisions for you even if you lose the capacity to make your own decisions.