The beginning of the New Year is a time for reflection and setting resolutions for a 'New You'. Whether through saving more money, getting fit or quitting smoking, New Year's resolutions are traditionally about learning new habits and committing to personal improvement over the coming year.
But what about the serious stuff?
While the New Year is a great time to set personal improvement goals, it is also an appropriate time to reflect on the more serious aspects of your life and ensure your affairs are in order for 2018.
Some of the issues you should consider include:
- Do you have a Will?
- Do you know what your Will contains and does it reflect your current wishes and circumstances?
- Do you know what will happen if you die without a Will?
- Do you know who your superannuation beneficiaries are, and do your nominated beneficiaries reflect your wishes?
- Do you have multiple superannuation funds that should be rolled into one fund?
- If you are considering a self-managed superfund are you aware of all the issues and responsibilities that come with same?
- Do you have life insurance and/or TPD insurance included in your superannuation?
- Have you arranged an Enduring Power of Attorney?
- If you intend to purchase a new home do you understand the law around home ownership?
- If you are a landlord or lessee do you understand your rights and responsibilities?
- Do you have issues in the workplace that need to be addressed?
- Are you aware of all of your legal rights if you are in a de facto relationship?
- If you have the care and responsibility of children and are separated or divorced are you entitled to child support?
- Do you have a contractual dispute in need of resolution?
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
