• Identify and nominate who will take care of any minor children.
• Nominate who will manage your assets and financial affairs during your lifetime should you become unable to manage them yourself through illness, injury or physical/mental impairment.
• Ensure that your estate is distributed according to your wishes; to the right people, at the right time, and in the right form.
• Minimise the time, taxes and expense associated with settling your estate at the time of your passing.
• Provide details of the life-sustaining medical care you wish to receive (or not receive).
• Identify who will make medical decisions on your behalf should you become incapable of making those decisions yourself.
The last thing any of us want is to have conflicts within the family. However the reality is that many of us simply fail to have adequate estate planning documents and structures in place. Should an unexpected illness or death of a family member occur, it can have serious ramifications at an already stressful time and lead to conflict and relationship breakdown.