Your Will Isn’t Enough – Here’s Why
Most people think a will is all they need for estate planning. The truth? A will only works when you’re gone.
What about if you have a stroke or lose capacity? Who makes your financial, personal, or medical decisions? What about your superannuation, trusts, or company shares?
Estate planning is more than just a will—it’s a complete strategy to protect you and your loved ones.
🎥 Watch this short video to discover the critical documents most people forget… and why leaving them out could cost your family dearly.
If you’d like us to review your documents or create a complete estate plan, contact me or the Millens team today. If you have a question or need help, reach out
VIDEO TRANSCRIPT
Ross Millen:
Everyone sort of says, "Well, I know I need a will." And most people get round to doing it, but estate planning is much more than just having a will. Let's face it, the will only works when you're dead. What happens if you have a stroke or you lose capacity? So you also need a power of attorney. And the power of attorney can be for financial or it could also be for personal. But, of course, if you want the same attorney, you might as well just have one document.
And then what about medical treatment? That has to be a different document as well. And what about your superannuation? Have you got a binding death nomination under your self-managed super fund or your industry fund? Have you told the trustee of your super fund how you want your benefits paid out? And then, of course, what if you own a company and you've got control of shares? They have to be dealt with in your will. Or if you've got a trust, who's going to take over the role of the appointor of trust? And maybe there's special provisions in your trustee.
So estate planning requires us to check your trusts, look at your self-managed super fund, and look at all these documents so that you've got a coordinated package. So if you've got any queries about your estate planning, you want us to check any of your documents, you want to create new documents and update your documents. Don't forget to contact me or anyone else at the Millens team. We're here to help with all your estate planning requirements.
