Guest presenter and estate planning solicitor, Joshua Auld, discusses the importance of having the correct documentation in place so that your estate is administered as per your directions in the event of your death.
A will is the most important document in estate planning, and appointing a substitute decision maker is a very close second.
Joshua discusses why correctly prepared documents can reduce both time and cost when a person’s will is executed. What may seem a less expensive option up front can end up costing the person’s estate significant amounts of money in the longer term.
In this episode:
- What parts of estate planning does a person need to consider?
- Wills explained – Solicitor vs Public Trustee vs Will Kit
- Risks if your will isn’t completed correctly
- Terminology used in estate planning
- What happens if a person dies with no will (intestate)
- Josh’s experience in admitting a video will to probate in Queensland
- When a person cannot legally make a will (capacity)
- Appointing an attorney – your substitute decision maker
- Decisions that a substitute decision maker make
- Loss of capacity without a substitute decision maker
- Revoking an Enduring Power of Attorney
Resources mentioned:
Connect with Joshua Auld:
Connect with Coral Wilkinson:
More about Your Aged Care Compass podcast:
Are you supporting an older loved one at home and ready to give up because it’s just too hard? Your Aged Care Compass is aimed at anyone who is caring for an older loved one who still lives at home and is wondering what support is available to them.
We're Coral and Michelle, the sisters behind our business, See Me Aged Care Navigators.
Coral is a registered nurse with over 30 years’ experience in both health and aged care. A former assessor with the aged care assessment team, an advocate and author, there’s not much Coral doesn’t know about Australia’s aged care system.
Michelle is a former pharmacist with over 30 years in the public health and private sectors of pharmacy. Michelle is now client care manager for our business.
Our story started as one of supporting our parents to remain in their own home, to be as independent as possible and remain connected to their community. We reached a point however, of needing extra support and we achieved this because we know Australia’s aged care system so well, we knew what programs could assist us and our parents.
This podcast, Your Aged Care Compass, brings together not only our personal experience in supporting our own ageing parents but also our vast professional experience in supporting other families to keep their loved ones at home.
We will help you makes sense of Australia’s aged care system, from your first contact with My Aged Care through to the different funding streams and assessment workforces, management options for home care packages and extra funding that people might be eligible for.
There's so much more. Topics relating to dementia and legal and financial considerations will be covered, as well as real life stories of where it went wrong for people and how we guided them to get it right.
Your Aged Care Compass will guide you clearly and compassionately to the right support at the right time for your ageing parents and loved ones.
Like what you hear? Please leave us a Rating and Review. We’d love you to share this podcast with any friends or family who have older loved ones.
