If you die without a will, your estate will pass to your eligible next of kin in a prescribed statutory order. This may not be how you wanted your assets to be distributed, and can cause unnecessary delay, expense and emotional distress for your loved ones.
Get specialist legal advice
The importance of making a will can't be underestimated. A lawyer can make sure that your will is valid and legally enforceable – that it includes all your assets outside of super, and is properly executed, among other things.
TelstraSuper Financial Planning works with two specialist Estate Planning advisers to ensure members can have confidence that their wishes are appropriately documented.
Don’t be one of the 50% of Australians whose assets don't always go to the people intended*.*Wills and power of attorney www.moneysmart.gov.au
Review your will regularly
If you acquire assets, take out a mortgage, marry, divorce or separate, have children or receive an inheritance – all these events can potentially affect your estate planning. It's best to review your will regularly, as well as when a major life event occurs, to ensure that your assets will be distributed in accordance with your wishes.
Your will doesn't cover your super
Remember that unlike your personal assets such as your house, property and investments, your superannuation does not automatically form part of your estate on your death. Your will may not cover this important asset. There are a couple of options for how you can decide who gets your super benefit on your death.
Need help with your estate planning?
At TelstraSuper we’re here to help you build a secure financial future. TelstraSuper Financial Planning Advisers can refer you to an estate planning specialist who can ensure your wishes are legally documented. If you’d like to discuss your estate planning needs or if you have any other financial advice queries contact us on 1300 033 166 or fill in our online contact form.Online contact form