Later life planning
Later life planning brings together two often overlooked but essential parts of retirement: Aged care and Estate planning. It covers how you want to be cared for if you’re unable to make decisions for yourself, and how your assets should be managed and distributed after your death.
This includes planning for aged care – whether at home or in a residential setting – as well as making your wishes known about future care, medical decisions, and financial matters. It also means thinking through how your super and other assets will be passed on, especially since super is not automatically covered by your Will.
While no one can predict their future care needs, making decisions in advance can reduce stress, protect your loved ones, and help ensure your preferences are respected.
See also our section on SMSFs and estate planning.