A major element of any wealth creation or preservation strategy is personal insurance. Please take a moment to consider the following:

• If you were to die, would your family be able to continue with their current lifestyle?
• Would they need to sell the house?
• What if you didn't die but were not able to work for an extended period of time?
• Would you be able to keep your existing employment?
• How would you keep paying your bills / loans / groceries / lifestyle expenses?
• If you had a major illness or event, would you be able to concentrate on getting better rather than financial matters?
• What about the medical expenses and rehabilitation costs? 

Of course the list could go on and on with the "what if" scenarios. We insure our cars, homes and contents but what about the most important consideration ... Your income.

At Professional Consultants Group, we analyse and provide recommendations on the types and levels of life, total and permanent disability, trauma and income protection insurance required, as well as implementation and on-going reviews of the same.

Estate planning

Estate planning is an essential part of family management as well as financial planning. It is the organisation of your assets and affairs to ensure they are appropriately transferred and administered after your death.

Having put your financial plan into place to ensure your family's future financial security, it doesn't make sense to leave that security open to the interpretations of taxation laws, capital gains tax, or having your estate disbursed in a way that you wouldn't have wanted.

At its simplest, estate planning covers your will, but more complex estate planning can involve setting up the best ownership structure for your assets, examining the taxation position of family members, and developing a succession plan for ownership of family businesses.

Wills

NEED TO UPDATE YOUR WILL?

NEED A POWER OF ATTORNEY/GUARDIANSHIP?

‘Widera Legal’  is a Law Firm practicing in various areas of the law, including the drafting of professional Wills and Powers of Attorney/Guardianship.

Did you know that..

• Making a Will is the only way that you can be sure that your property will be distributed according to your wishes upon your death.
• Your Will remains in force until you formally change or revoke it.
• Your Will is automatically revoked upon entering into marriage.
• It is a good idea to seek legal advice about a will after separation, marriage or divorce.
• An Enduring Power of Attorney gives your nominated attorney the authority to manage your financial affairs until you die.
• An Enduring Power of Guardianship refers to making personal decisions for example, in relation to where you should live and decisions or consenting to or refusing medical treatment. A Power of Guardianship comes into force once the person making the appointment becomes ‘incapacitated’.
• Powers of Attorney and Guardianship are both arrangements aimed at allowing you to plan ahead and to provide a possible alternative to the involvement of the Guardianship Board at a later stage in your life should you become legally incapacitated.

For further information or to arrange a consultation with a lawyer from ‘Widera Legal’ regarding your Will and/or Power of Attorney/Guardianship, contact the office of Professional Consulting Group (PCG) - tel. 8363 2500.

Widera Legal also practices in Personal Injury, Motor Vehicle and Workers Compensation Law and General Civil Litigation.