The Importance of Estate Planning in the Face of Crisis

The evolving economic and health crisis arising from COVID-19 has resulted in the world experiencing unprecedented change and complications. These are expected to continue for the foreseeable future, both within our community and our personal lives.

 

As the nation moves closer to a lockdown, having your estate planning documents up to date and readily accessible to yourself, your appointed executors, attorney and medical treatment decision makers will be crucial.

 

In light of this, Morrows Legal encourages you to ensure you have valid estate planning documents in place that reflect your current circumstances and wishes.  Morrows Legal recommends that you review your Will and Enduring Power of Attorney documents every two or three years, or whenever a major event occurs in your family or there are changes to your assets or to taxation laws.

 

It is also imperative that your estate planning covers estate and non-estate assets, unforeseeable circumstances and protects your beneficiaries from paying excessive tax and other financial burdens. We understand things may be uncertain at this time, and we hope that we can provide you with some peace of mind in knowing that your affairs are in order and your loved ones are looked after, should anything happen to you.

 

At Morrows Legal we are pleased to offer a complimentary review of your Estate Planning. We want to give you and your family the opportunity to review your documents to ensure that you aren’t caught out should the worst case scenario play out.

 

To find out more about our estate planning services, please visit our website or contact Rabia Javed-May via email on rjaved-may@morrows.com.au or on 03 9690 5700.

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