How to navigate the common estate planning pitfalls

By Anna Hacker – (AUT Legal Services Pty Ltd), Accredited Specialist – Wills & Estates, National Manager, Estate Planning, Australian Unity Trustees Ltd.

People often think they have a very clear idea of what they want to achieve with their estate plan and they usually think it will be straight-forward.

For example, a common approach is to say they want to leave some money to a favoured charity or two and then have the rest of their estate divided equally amongst their children.

While this may sound simple, a few probing questions may uncover potential issues.

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