When it comes to end-of-life preparation, the first thing that comes to mind is usually a Will and possibly a Trust fund. But, is that all you require to make life plans?
So, you have been chosen to act on behalf of an individual to execute their last wishes and administer their will which is an important responsibility. As an Executor, there are some important things that you need to know to fulfil this role successfully.
Almost every aspect of our lives have been been taken over by technology. This means that our digital footprint has been larger than ever. However, what we forget is that this footprint remains after we pass away, and often our loved ones have to deal with it.
COVID-19 has shaken the world up in many ways. Little did we know that entering into 2020 would also mean being forced into lockdown, social distancing measures and a new way of working.
Gone are the days of storing your insurance policies, medical details or power of attorney in a filing cabinet in the garage, or old shoe-box under the bed. Physical methods of storing crucial life information have quickly become outdated.
It is important to understand what hackers can do with the personal information that they steal from you online, in order to instil effective data protection measures for your online activities.
The death certificate is an essential document required for managing the legal and financial matters that follow the passing away of a loved one. These days, it is also needed for some social media companies (such as Twitter) to confirm the death of a person in order to remove their online profile.
We can often get complacent with our Superannuation, a privilege that we often do not worry too much about until we actually hit retirement. However, it's a crucial part of our financial portfolio, and something that needs to be taken care of in the unfortunate event that we do pass away.