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ARTICLE · 22 JUNE 2020

Planning for isolation - Check your will and estate plan

Holding Redlich
Holding Redlich
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Ensuring that you have an up-to-date will and estate plan are essential components of personal crisis management.

AustraliaFamily and Matrimonial

Much has been made of panic buying as many Australians rush to protect their families from the perceived risk of dwindling supplies, whether that fear is reasonable or not.

But what about protecting your family financially? Economic risk is not the only issue being faced. What about managing your affairs during isolation or illness?

Government and businesses are implementing crisis management plans and the Smartraveller website recommends:

"Have robust risk management measures in place. This includes a detailed emergency management plan.
Understand that you could die. Make sure you have an up-to-date will, an enduring power of attorney. Designate appropriate insurance beneficiaries."

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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