7 financial things retirees need to know about estate planning

7 Financial Things Retirees Need To Know About Estate Planning

7 financial things retirees need to know about estate planning

COVID has been scary and frustrating for most of us, and the future remains uncertain.

But if you were looking for a silver lining in all this, I can maybe offer two observations:

1. People have had to learn how to connect digitally a lot more efficiently, so we are all a lot more familiar with zoom meetings now.

This will hopefully mean that we stay connected a bit better from now on, no matter how busy the world gets again.

did you know youre a yoyo

Wills and Estate Planning Adelaide: Did You Know You’re A YOYO?

did you know youre a yoyo

YOYO stands for You’re On Your Own, and it has never been truer for Australian retirees.

In the 1980’s when Bob Hawke and Paul Keating changed government policy to encourage us all to save enough money for our eventual retirement, we did so with an expectation of mastering our own destiny to enjoy a wonderful and carefree retirement.

The idea was to reduce the dependence upon government funds for the old-age pension.

There has been a tremendous change in the social culture of Australia in the 40 years or so since superannuation commenced.

Genders and Partners

Wills and Estate Planning Adelaide: One More Hour … Baby Boomers, Pop Songs and Estate Planning

Genders and Partners I remember when I was young, the world had just begun, and I was happyi.

When I was younger, so much younger than todayii.

One more hour and my life will be throughiii.

Can you name the classic pop songs in which these timeless lyrics were sung? If so, then you’re probably at least as old as me, and you are a “Baby Boomer” (born between 1945 and 1965).

So what does this have to do with Estate Planning? Well quite a few things, really.

If we’re old enough to remember when these songs first made an impact on popular culture, then we’re at an age when we need to confront some harsh realities about our continued existence.

why single people should plan their estate

Why single people should plan their estate

why single people should plan their estate

In our law practice, we talk a lot about estate planning for families.

It’s the most common application for our services—parents want to be able to protect the money they’ve saved and the assets they’ve accrued for their children, and provide an easy way for their assets to be passed down to their children when they die.

However a person who is single with no children—or, for that matter, a childless person whose spouse has passed away—may need estate planning services even more.

trust has to be earned

Trust has to be earned

trust has to be earned

When I was a kid, I saw how people naturally gravitated to my mum and dad when they needed help.

Extended family and close friends turned to them when they were in trouble, and I used to wonder what it was that made my folks the ‘go-to’ people in that situation.

My mum was great at comforting people. She just had this way about her that put people at their ease. She welcomed them and – somehow – embraced them emotionally.

rebellious rant about wills

Rebellious Rant about Wills

rebellious rant about wills

I’ve taken a hammering this week from people misplacing their anger about Wills and estates, and I’m sick of it. RANT ON:

I’ve just hung up the phone from an otherwise sweet lady, whose 100 year-old aunt had recently died without a Will.

I had to explain to her about the process of applying for Letters of Administration (differing from Probate), and which relatives have priority to do so, and how much the fees and expenses would be.

How Do I Find a Good Wills and Estates Lawyer

How Do I Find a Good Wills and Estates Lawyer?

How Do I Find a Good Wills and Estates Lawyer

Finding a good lawyer is no easy task. Even if you know a good lawyer, they might not specialise in the area of law you require.

Whatever type of legal issue you find yourself confronting, finding the right lawyer is crucial for the outcome of the matter.

The first step in finding a lawyer is determining what type of issue you have. The category of lawyer that you are seeking, specialises in ‘Wills & Estates’.

at the end of 2020 will you look back proudly and say i did that

At the end of 2020, will you look back proudly and say ‘I did that’ ?

at the end of 2020 will you look back proudly and say i did that

New Year’s resolutions are an ancient tradition, stretching back millennia. Over 4,000 years ago the Babylonians were the first people to make New Year’s resolutions.

Every year at this time, millions of people make resolutions promising improvements in their lives.

Alcohol will be forsworn, exercise embraced, hobbies sought, healthy eating vowed. It makes sense to respond to the indulgences of Christmas with this sort of healthy catharsis.