Plan your estate
It's important to think about what will happen to your money when you die, especially if you want to ensure your partner or family are properly looked after. There are a number of things to consider:
- Do you have adequate life insurance?
- Is your Will up to date?
- Is an enduring Power of Attorney appropriate?
Superannuation death benefit
Your super benefits may not automatically form part of your estate. So it's important to ensure you have nominated a beneficiary or binding beneficiary to whom your superannuation may be paid if you die. In general, super benefits can only be paid to your dependants.
Your financial adviser and lawyer can help ensure that you've considered everything in planning your estate.