Estate planning is the process of organising your financial and personal affairs so that your assets, loved ones, and wishes are protected—both during your lifetime and after your death. Contrary to popular belief, it’s not just for the wealthy. Anyone who owns property, savings, or investments—or has dependants—should have an estate plan in place.
Why it matters:
- Ensures your wishes are respected: You decide who inherits what, and how.
- Reduces legal complications: Proper planning avoids lengthy and costly court procedures.
- Protects your family: Helps secure the financial future of your children and dependants.
- Minimises tax and fees: Smart planning can significantly reduce inheritance tax and administrative costs.
- Clarifies healthcare choices: Allows you to set medical directives for end-of-life care.
Key elements include: A Will, Trusts, Power of Attorney, Advance Healthcare Directive, and updated beneficiary details.
When to start: Now is the best time. Estate planning isn’t age-dependent — it’s about ensuring peace of mind for you and your family.
