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’ ?

Advance Care Directive, Powers of Attorney, Wills and Estate Planning
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.

We need to talk about dying and death

Wills and Estate Planning
we need to talk about dying and death

South Australia wants more people to talk about it.

Medical breakthroughs and public health improvements have greatly increased life expectancy.

Other medical and technical developments have enabled many people to remain active for longer, giving them a better quality of life, as well as a longer life.

The flipside of this is the ballooning cast of care, accomodation and medications for the over 70’s.

end of life decisions

End of Life Decisions

Wills and Estate Planning
end of life decisions

As we get older, we need to have in place some important legal documents to protect ourselves, our family and our assets. If you wait too long, it could be too late.

On March 31, 2005, American woman Terry Schiavo passed away, after a 15 year legal battle over her fate.  During this time, her case became an international lightning rod for the discussion over end-of-life issues.

In brief, Terry had collapsed in her home on February 25, 1990. When the ambulance arrived, she was not breathing and had no pulse.

Funeral Musings

Funeral Musings

Wills and Estate Planning
Funeral Musings

The traditional funeral is becoming less common in Australia and the UK, with only 10% of people now wanting a religious funeral.

One in three prefer to hold a “family-only” life-celebration party rather than a large funeral. Another third do not want any ceremony at all and, for those who do, the use of pallbearers to carry coffins has dropped by 80%.

These statistics are based on a survey of funeral directors from over 500,000 funerals in the last five years and the views of 4,000 adults.

Do not store your original Will at the bank

Do not store your original Will at the bank

Wills and Estate Planning
Do not store your original Will at the bank

Major bank’s belated discovery of stored Wills could trigger estate disputes

It has emerged that one of the largest and oldest banks in the world – Lloyds Bank – has discovered a cache of thousands of stored Wills in its ‘Safe Custody’ service.

The service was closed to new customers in 2011, but in 2019 the bank discovered that the approximately 190,000 papers still stored there included about 9,000 Wills. Some of the envelopes could not be matched to Lloyds’ customers.

elder abuse and the growing problem of early inheritance syndrome

Elder Abuse and the growing problem of Early Inheritance Syndrome

Asset Protection, Wills and Estate Planning
elder abuse and the growing problem of early inheritance syndrome

Approximately 10 per cent of older Australians are victims of financial or psychological abuse each year, typically from family and friends pressuring them to provide financially for others.

Many elderly parents do not report their concerns, out of a sense of family loyalty, or feelings of guilt, shame or embarrassment.

As we get older, we tend to be more trusting – particularly of those we have known for a long time.

guarding against elder abuse

Guarding against Elder Abuse

Asset Protection, Wills and Estate Planning
Guarding against Elder Abuse

The newsfeeds are full of horrific stories about residents in nursing homes being mistreated, ignored, threatened, assaulted and abused.

Another Royal Commission is taking evidence around Australia. Between 6 per cent and 20% of elderly Australians are abused by someone they trust according to recent research.

That won’t happen in my family

Are you sure about that? Even wealthy celebrities are not immune against elder financial abuse.

do you want the government to decide who gets your assets

Do you want the Government to decide who gets your assets?

Wills and Estate Planning
do you want the government to decide who gets your assets

Every adult Australian needs a Will, but this often gets overlooked. Confronting our own mortality and making an estate plan makes some people uncomfortable.

There’s no law that says you must have an estate plan—but there are laws in every State and Territory in Australia that determine how your property is distributed if you don’t have a Will.

So, are you happy to let the Government decide who gets your assets?

what you need to know about advance care directives in south australia

What you need to know about Advance Care Directives in South Australia

Trusts & Guardianship, Wills and Estate Planning
What you need to know about Advance Care Directives in South Australia

When you can’t make important decisions for yourself regarding accommodation, lifestyle, health or medical treatment, an Advance Care Directive is the shining beacon that guides your family and doctors in the right direction.

The Components of an Advance Care Directive

An Advance Care Directive (ACD) is a legally-binding document that directs how you would like to be treated if you cannot express your wishes, and is made up of three parts: