Estate planning for everyone

Estate planning for everyone

Estate planning: how a financial planner can help

Estate planning: no-one likes to think about it, but it’s one of the most important things you can do for your loved ones. Knowing that your wishes will be carried out after your death is also a gift to yourself – you’ll receive peace of mind.

Poole Advisory Principal Financial Adviser Anthony Poole sat down with Anthony Fondacaro from Legacy Wills and Estates for a frank, honest conversation about estate planning and why it’s important.

The first in our video series covers just who needs estate planning – and we have a pretty succinct answer for you. 

As we state over on our estate planning services page:

“The estate planning process is important for everyone. It doesn’t matter how little or how much money you have.”

Watch the video by clicking on the link below, or scroll down to read the transcript.

Who needs estate planning? 



Transcript: Anthony Poole, Principal Advisor at Pool Advisory, talks estate planning with Anthony Fondacaro, Principal Lawyer at Legacy Wills and Estates. 


Anthony Poole:  Welcome. It’s Anthony Poole from Pool Advisory, and I’m here and joined today by Anthony Fondercaro, Principal at Legacy Wills and Estates. 

Welcome, mate.

Anthony Fondacaro: Thank you. 

Anthony Poole: Over the course of our journey with our clients, we help them to navigate a path to living their best life, protecting their wealth, but also taking more of a holistic view in leaving a legacy for their children or beneficiaries.


Who needs a will?

Anthony Fondacaro:  Anyone who’s over the age of 18 should have a will, if I’m really honest.

Anthony Poole: I agree with you. People come and say, “I haven’t got anything. I haven’t got enough money, I’m young, I’m healthy. I’m not gonna die!” 

Anthony Fondacaro: And my usual question to that response is, “Have you got superannuation? Are you working?”

Superannuation is a whole different beast when it comes to estate planning, because you can say in your will, “I want my super to go to X, Y, or Z.” But, if you don’t look at the particular rules that apply to each particular super fund, then you may not be able to do that. Then what you put in your will is not going to be valid.

[Transcript end]


In summary, people of all ages, in all stages of their career and life journey, will benefit from seeing a financial planner to review what will happen to their assets in case the unexpected happens. Setting up a will and the other documentation that goes with it can help to lessen the legal burden for surviving family members – even if you don’t think you’ll have much to leave them! 

After all, it will already be a difficult time – so it will be a gift to minimise the administrative burden and unnecessary expense. 

Stay tuned for more in our video series on estate planning with Anthony and Anthony. In the meantime, check out the further resources on our blog page.

For more information on how Poole Advisory can help you protect your assets and investments for your intended recipients in the event of your death, get in touch today or book an appointment.


Compliance Disclaimer:

This information contains general advice only, that is, advice which does not take into account your needs, objectives, or financial situation. You need to consider the appropriateness of that general advice in light of your personal circumstances before acting on the advice. You should obtain and consider the Product Disclosure Statement for any product discussed before making a decision to acquire that product. You should obtain financial or credit advice that addresses your specific needs and situation before making investment or borrowing decisions. Taxation information is based on our interpretation of the relevant laws as at 1 July 2018. While every care has been taken in the preparation of this information, Prosperitas Partners Pty Ltd does not guarantee the accuracy or completeness of the information. The case studies are hypothetical, for illustration purposes only and are not based on actual returns

Poole Advisory Pty Ltd ABN 15 642 040 604 is a Corporate Authorised Representative (No. 001282603) of Prosperitas Partners Pty Ltd ABN 30 662 654 453 AFSL 544 917

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