HAVING a few legal documents in order can save you and your family if disaster strikes. Nobody likes to think about dying or being incapacitated through injury or illness, but the Aussie ethos of “she’ll be right” could be leaving millions of underprepared Australians vulnerable to significant financial, emotional or legal pain when disaster strikes.
Research shows many Australians do not have a legally valid will in place and only four per cent of Australian families with dependent children have adequate levels of insurance cover. But experts say we could turn all that around simply by having a handful of essential documents in place to ensure peace of mind.
The checklist includes: an up-to-date will, Power of Attorney, Enduring Guardianship, Life Insurance, Income Protection Insurance and, increasingly, an Advance Health Care Directive.
source news.com.au