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60% of Australians are what one of the country's leading estate planning lawyers calls 'set up for a bit of a disaster.' No will. A will that's 10 years out of date. Or no idea if they even have one.

In this episode of The Purposeful Investor, David Andrew and Aden Wilkins sit down with Morgan Solomon a founding director of Solomon Hollett Lawyers and 25 year succession law specialist. They unpack the A to Z of estate planning. This is one of the most important financial conversations any family can have, and most people keep putting it off.

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Follow Morgan Solomon
LinkedIn: https://www.linkedin.com/in/morgan-solomon-b13ab58/

Follow David Andrew:
LinkedIn: https://www.linkedin.com/in/davidandrewfamilywealthadviser/
Capital Partners: https://capital-partners.com.au/team-members/david-andrew/

Follow Aden Wilkins:
LinkedIn: https://www.linkedin.com/in/aden-wilkins-40b006105/
Capital Partners: https://capital-partners.com.au/team-members/aden-wilkins/

Follow Capital Partners on socials:
Facebook: https://www.facebook.com/CapitalPartnersPWA/
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Instagram: https://www.instagram.com/capitalpartnersprivatewealth/

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Chapters:
(0:00) Introduction & Episode Preview
(1:00) Welcome & Guest Introduction: Morgan Solomon
(1:45) Win of the Week
(4:35) Why Estate Planning Is Central to Financial Advice
(7:50) What Makes a Good Estate Plan
(11:00) The 60% of Australians at Risk
(13:20) What Happens When You Die Without a Will
(19:00) Why Post Office Wills and AI Wills Fail
(26:30) The Executor Role Explained
(38:30) Estate vs Non-Estate Assets: Super and Family Trusts
(43:45) Superannuation and Binding Death Benefit Nominations
(50:10) Testamentary Trusts: What They Are and Why You Need One

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Recorded and produced by Podwave Studios https://podwavestudios.au/

The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!

We draw on over 30 years of experience from David Andrew and the Capital Partners team.

For more information on Capital Partners' award winning team, visit capital-partners.com.au.

Have a question? Email us ask@capital-partners.com.au.

This episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances.

Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.