Estate Planning

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Estate Planning transitions to the digital era

Years of frustration about the gap between protecting wealth and finalising Estate Plans recently bore fruit when a group of lawyers and advisers launched Yodal, Australia’s most comprehensive Estate Planning platform.

Robot thinking close up
How can a robot deliver advice?

You already know my position on the over-use of “disruption” in the business world. Now I am adding robo-advice to my list of catchphrases to question.

Replacement Of Humans By Machines
We’re not afraid of the big bad robot

As we face an increasingly digital world – and come to understand that it’s not going away – there’s a mixture of emotions and questions: Does this new technology threaten my livelihood? Do I need to change my business model to compete/keep up with these developments? What is the opportunity to use this technology to my clients’ and my business’ benefit?

Mean mother and marital dispute
Honey, I disinherited the kids

The best drafted Will in the world will not stand up when the legal obligations of a Will maker to provide for their family have been overlooked.

conflict
Conflicting interests

When completing your Estate Plan and choosing the Executor/s of your Will, it is natural to select from those closest to you, whom you trust. The chance that your Executor will double as a beneficiary of your Estate, or beneficiary of your non Estate assets such as superannuation, is therefore highly possible. But what happens when the personal interests of a beneficiary conflict with their duties as Executor, which are to act in the best interest of the Estate?