RETT064 Traps to avoid in retirement - Ignoring estate planning (276 words)

This is the fourth instalment in the mini-series: Traps to avoid in retirement. This article discusses why it is important not to ignore estate planning and provides a checklist to help get your estate planning on track.

Don’t have a Will? You’re in good company. Less than half of Australian adults do. Even then, many Wills are out of date or invalid. The upshot is that hard earned wealth may be fought over by family or distributed by government formula, and not end up with the preferred beneficiaries.