My Life Manual: Estate Planning, Information and Messages for your Executors and Loved Ones

My Life Manual: Estate Planning, Information and Messages for your Executors and Loved Ones

by H M Todd

Paperback

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Overview

Take control of your affairs, for yourself and your family. Make your passing just that little bit easier for the ones you leave behind, and let them celebrate your memory.

This book will guide you and give you the opportunity to leave valuable information for your partner, children, friends, family and also your executor, such as:

  • Drafting a Will;
  • Protecting your assets;
  • What if you become incapacitated?
  • Arrangements for your children: important everyday information for their guardian;
  • Lists of all your assets and liabilities for easier estate management;
  • Letters to loved ones and letters seeking forgiveness;
  • Planning tools, to minimise future conflict, such as:
    • Can someone claim against your Estate, such as a possible de facto;
    • Estate planning mechanisms: your Will, Trusts, Super, etc;
    • Suggestions for managing your assets after you pass;


  • What about the people you care for and your pets?
  • And much more. Check out the Table of Contents!

A life worth living is a life worth recording.

This book is to help you keep track of your financial growth and plans and as an aid to your executors once you pass on.

Another purpose of this book is to comfort and assist those you leave behind in finalising your affairs, by giving them access to valuable information. The contents of this book are your final words on all the things that are important to you.This manual is for anyone, parents, couples, singles, young or old, anyone who wishes to organise their affairs, both for themselves and their family left behind.

The purpose of this book is to ease the burden for your loved ones in finalising your affairs, having all the information available so that your executors can do their job, while removing some stress for your family when you pass on.

Your executors need this information to administer your estate. If you have no family or your family may not be aware of the full extent of your financial position, your executors may have a hard time locating all of your assets and knowing how to wind up your affairs.

But also, how many times have you tried to have the conversation about what your family should do in the event of your death? They may have avoided the conversation, as if in doing so the unthinkable will not happen. Or if the conversation does take place they are often so preoccupied thinking about how they would deal with the loss that nothing is really heard or remembered.

Product Details

ISBN-13: 9780994497819
Publisher: Hazel Todd
Publication date: 10/05/2016
Pages: 120
Product dimensions: 7.50(w) x 9.25(h) x 0.25(d)

Table of Contents

IMPORTANT NOTICE TO ALL READERS 1
Tips to Update and Protect Valuable Information 2
Protection of Valuable Information 2
Who Should Use This Manual? 2
Checklist to Review your Estate Planning Options 3
WHO I AM 5
My Personal Details 5
My Team of Professional Advisors 7
Employment Details 9
My Accounts and Subscriptions 10
Loyalty Cards and Frequent Flyer Miles 11
Personal and Important Documents 12
My Online World 13
WHAT I'M WORTH 15
Assets 15
Real Estate 15
Bank, Building Society or Credit Union Accounts 19
Shares or Securities in Companies 20
Managed Funds 21
Units in Real Estate Investment Trust Funds 22
Monetary Investment Details 23
Motor Vehicles 24
Private Companies and Businesses 26
Online Assets 28
Other Assets 29
Retirement Assets and Trusts 30
My Superannuation and Retirements Assets 30
My Pensions 31
My Trust Interests 32
Executorships 34
Powers to Appoint 35
Letter of Wishes to My Trustee 35
Personal Items 36
Sentimental Possessions 36
My Personal Possessions 39
Items in my Possession that Do Not Belong to Me 40
Heirlooms 41
Liabilities 42
My Liabilities 42
Secured Debts 42
Unsecured Debts 43
Guarantees 44
Tax 45
PLANNING FOR THE ALL EVENTUALITIES 48
If I Become Incapacitated 48
My Powers of Attorney 49
My Living Will or Advanced Care Directive 52
Insurance 53
Life Insurance: 53
Other Forms of Insurance 54
Estate Planning and Asset Protection Instruments 56
Trusts 56
Express Trusts 57
Discretionary Trusts 57
Life Interests 58
Accommodation Fund Trust 60
Right of Occupation and Use and Enjoyment Trusts 60
Protective Trusts 62
Children's Trusts 63
Education Trusts 63
Capital Reserve Trusts 64
Testamentary Trusts 65
Superannuation, Retirement Plans and Pensions 66
Withdrawal of Retirement Funds 66
Persons Eligible to receive your Retirement Assets 66
Mortgages 67
Buy-Sell or Shareholders Agreements 67
Pre-nuptial Agreements 68
Interest Free Loans 68
Insolvency 69
WHEN I PASS AWAY 71
Organ Donation 71
Funeral Arrangements 73
My Funeral Arrangements 73
If I die overseas 74
My Obituary 75
My Eulogy 75
Message to be Read at my Funeral 75
Notifications 77
Last Will and Testament 79
The Need for a Will 79
When to Revise your Will 80
Validity of a Will 80
Things to Consider Before Making a Will 81
Executors 83
Challenges to a Will 88
Where to Store your Will 89
Alterations to Your Will 89
International Will and Assets 90
Revocation of a Will 90
Dying Without a Will 91
My Will 91
Notes on Why I Drafted my Will as I Did 92
Further Notes on Why I Re-drafted my Will 94
Suggestions to Beneficiaries of my Estate on How to Manage Their Inheritance 96
Others for Whom I Care 97
Pets 98
Charities I Support. 100
MESSAGES 101
Letters to Loved Ones 101
Letters for Forgiveness 103
Letter to the Future Step-parent of my Children 104
Guardians of my Children 105
My Notes to my Guardians 107
NOTES 110
FINAL WORD 111
ABOUT THE AUTHOR 112

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