If you don’t make a legal will, your estate will be distributed according to government rules. These rules apply regardless of your personal situation.
But with a valid Will in place, you can decide how to divide your assets between your family, friends and charities. You can also appoint an executor of your choice.
What does the executor do?
Under the Will, an executor is appointed who will look after your estate. The executor must:
What are the requirements for creating a will?
Getting legal advice when preparing your will can help you make sure you meet all the legal requirements. The requirements vary from state to state, but in all Australian states and territories you must:
Protecting your loved ones
Having a valid will is essential for ensuring your wishes are carried out after you pass away. This can prevent any confusion about your wishes, and protect your loved ones from disputes about your financial assets.
Funeral insurance is another way you can protect your loved ones financially after your die. By taking out a funeral insurance plan, your chosen beneficiary receives a lump sum to cover the costs of your funeral when the time comes. This helps your loved ones avoid added financial stress at any already difficult time.
By choosing funeral insurance with Australian Seniors Insurance Agency, you’ll be guaranteed cover if you’re an Australian resident aged between 50 and 79, regardless of your health or medical history. And flexible options are available to suit your needs and budget.
With any Australian Seniors Funeral policy you will receive a FREE Will kit to help give your family peace of mind that your wishes are being carried out.
Find out more
To find out more about funeral insurance, request an information pack or get a fast funeral insurance quote online.
Advice on this website is general only and does not consider your individual objectives or financial situation. Please review the relevant PDS and the FSG available at http://www.seniorsfuneralplan.com.au to ensure these products are right for you. Terms and conditions apply. Australian Seniors™ Funeral Plan is issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484 and promoted by Australian Seniors Insurance Agency™ Pty Ltd (ABN 48 097 746 391). GET IN TOUCH
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Australian Seniors Insurance Agency Highlights Why You Need A Will This press release was distributed by prleap.com