Modern Australian Magazine
Men's Weekly

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Powering Shepparton’s Businesses: Expert Commercial Electrical Services You Can Count On

When it comes to running a successful business, having reliable, compliant, and efficient electrical systems is non-negotiable. From small retail ou...

Maximise Efficiency: Cleaner Solar Panels for Optimal Performance

Solar panels are a smart investment in energy efficiency, sustainability, and long-term savings—especially here in Cairns, where the tropical sun ...

7 Common Air Conditioner Issues in Melbourne – And How to Fix Them

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Powering Palm QLD with Reliable Electrical Solutions

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The Smart Way to Grow Online: SEO Management Sydney Businesses Can Rely On

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What Your Car Says About You: The Personality Behind the Vehicle

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The Confidence Curve: Why Boudoir Photography Is the Empowerment Trend You Didn’t Know You Needed

Boudoir photography has been quietly taking over social feeds, Pinterest boards, and personal milestones—and for good reason. It’s not just abou...

Understanding Level 2 Electricians: Why Sydney Residents Need Licenced Experts for Complex Electrical Work

When it comes to electrical work around the home or business, not all electricians are created equal. In Sydney, particularly when you're dealing wi...

Retirement Anchored in Model Boat Building for Waterford’s Doug Unsold

WATERFORD — When Doug Unsold sees his ship come in, it’s usually one he’s crafted with his own hands. The 67-year-old retiree from Waterford ...

The Science Behind Alarm Clocks and Your Circadian Rhythm

Waking up on time isn’t just about setting an alarm—it’s about working with your body, not against it. At the heart of every restful night and...

How to Use Plants to Create a Calming Atmosphere in Your Home

In today’s fast-paced world, cultivating a calm, soothing environment at home has never been more important. Whether you live in a busy urban apar...

How Maths Tutoring Can Help Students Master Maths

Mathematics can be a daunting subject for many students, often causing stress and frustration. However, maths tutoring has proven to be an effective...

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 Confidence Curve: Why Boudoir Photography Is the Empowerment Trend You Didn’t Know You Needed

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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

Workplace safety is a necessity. Workers from construction sites to manufacturing units should be visible for their well-being and they have it by wearing high visibility work shirts. Yes, when...

Polo Shirts: Wardrobe Essential for All

Polo shirts have started the journey as sportswear. But now, these are regarded as the best workwear. Also, people love to wear them for personal gatherings and more. These are...

Biz Collection Workwear: Premium Uniforms for Australian Professionals

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