Estate planning - why is it important? | Chatswood

Estate planning can be a complex area with important tax and legal implications, and taking a do-it-yourself approach can be risky.

That’s why it makes sense to book an appointment with Edwin, your local Financial Planner. Edwin will ensure you have an appropriate estate plan that addresses your wishes.

What do I need to consider for my Estate Plan?

Your financial situation, how your assets are structured and your family situation are some of the more common factors that will determine your estate planning requirements.

Depending on your situation you may have simple estate planning needs or they may be more advanced, however either way, you still need to think about what assets you own, and who you would like to have inherit them if anything happened to you.

Some key aspects of Estate Planning include

  • Making a will

  • Appointing an Executor

  • Organising a power of attorney 

  • Child guardianship

  • Taking care of your super and 

  • Much more

Making a Will

A Will states how you want to transfer your assets – your possessions and property - after your death.

If you pass away without a will, known as dying intestate, your estate will be distributed according to a state government-determined formula. Chances are, this formula won’t reflect your wishes, so it is important to speak with your FinChoice financial adviser to arrange for a legal expert to prepare a formally drafted will of your own deciding.

Contact Edwin Bae, your local Financial Planner in Chatswood to ensure you have an appropriate estate plan that addresses your wishes - on 0490 173 073.

Contact us today.


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