In the past, bushfires have led to a crisis of ‘underinsurance’. Post-disaster, people come to realise that their insurance is inadequate and does not sufficiently cover their loss. It can be a devastating experience and unfortunately, this year’s situation will be no different.
Tomorrow is always an unknown entity… no one has a crystal ball to see what is around the corner. But it is important to be prepared for any possibility and to have a safety net in place should something go wrong.
The ACCC’s Scamwatch website currently states there have been 131,615 scam reports in 2019… equating to over $106 million lost. The statistics indicate that even though there is regular media coverage and general scam alerts… many people are still susceptible.
We highlight some of the most recent scams that could affect you.
Personal estate planning is an incredibly important undertaking. We all appreciate the significance of creating a will and making sure there’s a formal plan for our affairs when the inevitable occurs… but do you also have a Power of Attorney?
Do you have ageing parents that you support while also caring for dependent children? Every dollar given away today could impact your own financial security in your retirement years, and perpetuating financial instability is the last thing you want to do.
For most of us, discussing our own inevitable demise is not the most comfortable conversation. But making time to plan your estate and keep it updated can provide both you and your loved ones with precious peace of mind. To make that conversation a little easier, we’ve outlined the important things to consider when estate planning.
