Modern Australian Magazine
Men's Weekly

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Building a Governance Model for Headless Content Management at Scale

Image by pch.vector on Freepik There's never been a better time to implement a headless content management system (CMS) to gain the flexibility and ...

Understanding Trade Insurance: Essential Protection for Businesses

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Choosing the Right Timber for External Cladding

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Top Services Offered by Diesel Mechanics in Brisbane

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Top 5 Benefits of Hiring Professional House Removalists

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Navigating the Digital Landscape: Managed IT Solutions and IT Services in Townsville

As technology advances at an unprecedented pace, companies must adapt to embrace the transformation ahead. With an evolving technology landscape, mana...

Types of Catering You Should Consider for Your Next Event

Choosing the right type of catering service can elevate your event from ordinary to unforgettable. Whether it’s an elegant wedding, corporate func...

Understanding the Benefits of Split System Installation for Your Home

Climate control is essential to maintaining comfort in your home, especially during the extreme temperatures that many regions face. Whether you’r...

Best Aluminium Window Sliding Designs for Natural Light and Airflow

Bringing natural light and airflow into a space is one of the most efficient ways to create a healthy and comfortable home. In Sydney and across Aus...

Maximising Operational Efficiency: Electric Winch Hire Australia and Hydraulic Power Pack Hire Solutions

Image by jcomp on Freepik From urban construction sites and remote mining operations to coastal maritime facilities, specialised equipment solutio...

Navigating the System: Your Guide to Support Finding Work with a Disability Around Melbourne

Image by freepik Finding the right job can be a challenge for anyone, but it can feel particularly daunting when you're also navigating life with a ...

Say Goodbye to Draughts and Hello to Savings: Your Guide to Perth Window Replacement

Image by prostooleh on Freepik Are your windows looking worse for wear? Are you paying a hefty power bill due to sneaky draughts and poor insulation...

Here’s why you must think about end of life planning

  • Written by NewsCo

In most people's minds, an estate plan is something for the ultra-wealthy or the elderly. It conjures up images of mansions, cars, yachts, art and fine jewellery, or of family members who are pressed to get their affairs in order before they decline into old age.

The fact is, there’s so much more to estate planning and everyone, regardless of age or financial status, should have a plan for their own and their family’s security.

Why estate planning is important

It’s important to know what happens if you die without a Will. Dying "intestate" means that the laws of your state or territory will apply to determine how your assets are divided. The court will appoint a representative to deal with your estate, which can be time-consuming and costly for surviving family members.

Above all, the outcome may be very different from what you ideally want in terms of how your property is handled, your loved ones are looked after, and your legacy is protected.

What’s involved in estate planning

Another misconception is that an estate plan is just about writing a Will.

An estate plan is about much more than just dealing with your property and assets after you die. It allows you to express preferences for medical and end of life care, guardianship arrangements for your children and pets and what legacy you want to leave through charitable donations.

Estate plans also allow you to take proactive steps to make your finances and family secure.

You can look for ways to legally minimise your tax bill or safeguard your family’s wealth through arrangements like Family and Testamentary Trusts. You can nominate someone to make decisions for you if you become incapacitated and can’t sign documents or make transactions. This is where documents like Powers of Attorney and Enduring Guardianships come into play.

What are the options for creating Wills and Estate Plans?

Preparing estate planning documents is not as complicated as you may think and there are a wide range of options you can use, including:

  • * Paper-based DIY Will and Power of Attorney kits from the newsagency or post office

  • * State or territory Public Trustee offices that provide DIY or semi-DIY estate planning services

  • * Consulting a lawyer to take your instructions and create documents for you

  • * Online Will platforms like Safewill that help you to create, update and store a Will easily and affordably online.

How to write an easy and legal online Will with Safewill

Writing a Will is the first step to getting started with your estate plan. So much of our lives are being managed online these days, and Wills are no different.

It’s no longer necessary to visit a lawyer and pay hefty legal fees – writing a Will is now easy for anyone with access to a smartphone or computer.

Safewill is on a mission to make Wills affordable and easy for everyone. Their modern approach to Wills means that you can create and update your bespoke online Will anytime, anywhere. With no lawyers’ fees or no hidden costs, Safewill offers smart Wills for modern life.

Holidays & Travel

Why Personalised Ornaments Make the Perfect Christmas Gift

In a season brimming with sentiment and tradition, gift-giving is one of the most cherished ways to show we care. And while store-bought items can be thoughtful, there’s something especially...

Slowing Down in Nature: My Experience on Orchid Classic Cruise in Lan Ha Bay

Why Orchid Classic is a Top Choice for Lan Ha Bay Lan Ha Bay, a hidden gem adjacent to the more famous Ha Long Bay, offers travelers a quieter and more...

How to Reduce Turbo Lag with an Upgraded Mazda BT-50 Exhaust System

Are you struggling with turbo lag affecting your driving experience?  Did you know upgrading your Mazda BT-50 exhaust system could be the key to unlocking smoother acceleration and enhanced vehicle performance? Exhaust...

Surprise Party Ideas That Will Leave Your Guests Speechless

Throwing a surprise party is one of the most exciting ways to celebrate a special occasion. The thrill of keeping it a secret combined with the joy of watching the...

The Most Scenic Sailing Destinations in Australia and New Zealand

Australia and New Zealand are home to some of the world’s most breathtaking sailing destinations. With vast coastlines, pristine waters, and diverse landscapes, these countries offer incredible opportunities for sailors...

A Guide to Finding Caravans for Sale for Your Australian Road Trip

From the rugged Outback to stunning coastal drives, there's no better way to explore Australia than in a home on wheels. If you're considering joining the caravan community, you're likely...

Must-Have Outdoor Gear for Your Next Trip

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5 Innovative Caravan Accessories to Enhance Your Travel Experience

Caravanning offers a unique and liberating way to explore the world around us. Whether you're a seasoned traveler or embarking on your first adventure, having the right accessories can significantly...

Conventional Tent or Roof Top Tent? Which Is Better for Camping in Australia?

For camping in Australia, it depends on factors like terrain and climate. A roof top tent is sturdy in rugged areas and elevates you above ground risks. In flat places like parks...

Fashion & Beauty

The Best Nail Art for Short Nails

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Davines Sustainable Haircare: Revolutionizing Eco-Friendly Beauty Solutions

Davines is a well-known brand in the world of haircare, known for its high-quality products that deliver exceptional results. Its commitment to sustainability and unique haircare philosophy sets Davines apart...

High Visibility Work Shirts: A Must-Have for Workplace Safety

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Polo Shirts: Wardrobe Essential for All

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Biz Collection Workwear: Premium Uniforms for Australian Professionals

In this modern era, the presentation of the team matters the most in the growth of companies. The professional appearance attracts clients’ attention and doing the deal becomes easy. The...

Functional and Fashionable: The Rise of Ladies Workwear in Australia

A perfect change in the Australian workforce has been happening in recent days. Women are contributing a lot in the male-dominated workplaces. They are doing excellent there. So, the Australian...