Nobody wants to think about the end of the day. Implementing an appropriate Will and Estate Plan is not that hard and will make life easier for the ones left behind.
Depending on your state or territory different rules apply if you pass away without a will. Planning with the end in mind is morbid but nevertheless a plan should be in place.
What are the taxation consequences, should you leave money to loved ones and if so how would you like them to recive this benefit.
The inter generational wealth transfer of assets is a massive issue. Between the family home, Super and Life insurance an estate can quickly add up.