What happens when I die? Season 2, Episode 4
Our latest episode takes a slightly different path and looks at what happens when someone loses capacity.
In this episode, host Anna Hacker talks to her colleagues at Australian Unity, Estate Planning Lawyer Kim Nguyen, and Greg Williams, Head of Client Management, about the importance of planning ahead so our choices will be known and acted upon if we can’t express them later in life.
As Greg says it's all about making the most informed choices now, so we can control the future should things not go according to plan.
“We all think that we have some time and unfortunately accidents happen without planning, and then it’s too late. So, put your estate planning in place sooner rather than later.”
Two key takeaways from this episode:
- Remember that estate planning isn’t just about a Will. It is also about making sure you have enduring powers of attorney in place so that if you lose capacity in this lifetime you are covered.
- Get the right people into the right roles—conversations about appointing a power of attorney can be really difficult—not everyone will want to take on this role.
Guests:
- Kim Nguyen, Estate Planning Lawyer, Australian Unity Trustees Legal Services
- Greg Williams, Head of Client Management, Australian Unity Trustees Legal Services
Host: Anna Hacker, Principal, Australian Unity Trustees Legal Services
Links of interest:
- Take Control—A self-help guide from the Office of the Public Advocate (Victoria)
- Australian Unity Trustees
If you have a question you would like us to cover in a future episode you can send us an email: WHWID@australianunity.com.au
What happens when I die? is a podcast by Australian Unity.
Listen to the first season of this podcast series
What happens if someone challenges my will when I die?
What happens to my international assets when I die?
What happens to my digital footprint when I die?
What happens to my superannuation when I die?
General advice for listeners: Please be aware that the information in this podcast has been prepared without considering the objectives, financial situation, or needs of any individual and is general in nature. If you do wish to act on the information, before doing so you should consider its appropriateness to your circumstances and obtain specific legal and financial advice. As we suggest in the podcast we would always recommend obtaining financial and legal advice relevant to your circumstances before making any decisions and also in line with this suggest getting specialist advice from a tax professional to confirm the impact of this financial advice on your overall tax position.
