Your Will Isn’t Enough: 5 Estate Planning Documents You Need

Estate planning isn’t just about deciding what happens to your assets after you die. It’s also about making sure the right people can make important decisions for you if you’re no longer able to make them yourself.

In this episode, financial advisers Amy Lehmann and Robert Goudie break down five key documents worth considering as part of your estate plan, including:

👉 Wills and testamentary trusts
👉 Binding death benefit nominations for superannuation
👉 Medical powers of attorney
👉 Advance care directives
👉 Financial powers of attorney

They also discuss why estate planning can be important even when you’re young, how superannuation fits into your estate plan, and some of the complexities that can arise when family relationships, children, significant assets or vulnerable beneficiaries are involved.

In this conversation they also explore a real-world estate planning scenario and why simply leaving someone out of a will may not always achieve the outcome you intended.

Whether you’re starting to think about estate planning for the first time or reviewing documents you already have in place, this conversation is a useful starting point for understanding what you may need to consider.

⚠️ General information only: This video is provided for educational and informational purposes and contains general commentary from financial advisers. It does not take into account your personal objectives, financial situation or needs, and should not be relied upon as personal financial advice. Defined benefit arrangements and superannuation rules can vary, so consider seeking professional advice before making financial decisions.

Want to take the retirement conversation further?

Rob and Amy will be unpacking more retirement planning topics at their upcoming live seminar, “Retiring with Confidence and Understanding Division 296”, on 23 September at 7pm.

If you're in the Horsham and Wimmera region, you can join them in person at the Horsham Golf Club. Prefer to tune in from home? The session will also be available via livestream and Teams webinar.

📅 Register for the live seminar: https://www.eventbrite.com.au/e/retiring-with-confidence-and-understanding-division-296-tickets-1996919639397

💻 Watch online via Teams: https://events.teams.microsoft.com/event/bda5b7eb-c493-49f4-a2ab-cb8c155a72e6@6c89b958-14fe-4b1c-87d6-35e907781f66

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Advice Disclaimer || Any advice given by the presenter/s has been prepared without considering your individual objectives, financial situation or needs. So, before you act on the advice you should think about whether the advice suits your objectives, financial situation or needs. If the advice relates to acquiring a financial product you should obtain a copy of the Product Disclosure Statement for that product and consider it before making a decision. This presentation has been prepared by Consortium Private Wealth Pty Ltd (ABN 74 616 250 965) (AFSL 495401). If you require advice which takes into account your objectives, financial situation and needs you should speak to a financial adviser.

Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.