Estate Planning: Why Clear Instructions Matter

Estate planning can help people communicate their wishes and organise their affairs. The appropriate arrangements depend on personal circumstances, the nature of the assets and the law applicable to the individual.

Keep an accurate record of assets

Maintain a secure record of relevant assets, liabilities and important documents so that the appropriate people can locate them when necessary.

Consider a properly prepared will

Where appropriate, a will can communicate how an estate should be dealt with. Formal requirements and other applicable legal considerations should be checked carefully.

Review plans when circumstances change

Marriage, children, changes in assets and other major life events may justify reviewing existing arrangements with a qualified professional.

This article provides general information and is not a substitute for advice on a specific matter.