ARTICLE · 03 JULY 2017

What is estate planning?

Colin Biggers & Paisley

Explore more from Colin Biggers & Paisley

Estate planning is the formulation of a plan to deal with the distribution or succession of your assets after you die.

AustraliaFamily and Matrimonial

Maryanne Pollifrone

IN BRIEF - DON'T FORGET TO CONSIDER OWNERSHIP OF NON-ESTATE ASSETS

Estate planning is the formulation of a plan that deals with the distribution or succession of your assets when you pass away. In addition to this, it also involves the implementation of documents during your lifetime—such as an appointment of enduring power of attorney and an appointment of enduring guardian—that will allow others to make decisions on your behalf when you are absent, when you require assistance or when you are no longer able to make decisions for yourself.

ASSETS THAT DO AND DON'T FORM PART OF YOUR ESTATE

Your estate is comprised of all items held in your sole name. Examples of your estate assets may include:

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