While downsizing is a great choice if you want to age at home, rather than move into a retirement village, it is important to allow enough time for the process.

As we embark on this new series of reels, I want to start by making three key, overarching points.

• This is not a binary choice

• We are not a culture that keeps verbal records

• You do need to do this, you are not too young

Take the next step for your #lifeadmin by saving your important contacts, including information that others might not find as easily, in your life admin account.

Take the next step for your #lifeadmin by find and saving your insurance information into your lifeadmin account.

Get started with your #lifeadmin by setting up your legacy contacts.

Reason #1 that a discretionary testamentary trust is better than a simple will or a fixed trust will.

Get started with your #lifeadmin by creating an account.

There is one thing I want you to do if you find yourself acting as an Attorney for someone, and it takes five minutes.

The promise of doing a quick and easy Will is enticing, but is it really possible to spend 15 minutes and get the peace of mind that comes with doing a Will?

People think that a Will is a simple thing. You put your assets and debts into the Will, and then on your death the Executor uses the Will to transfer your assets and debts to your beneficiaries. Simple, right?

Estates are not simple things, because death is not a simple thing, and because Estates take so long to administer. If the beneficiaries have not experienced dealing with an Estate before they will think something is wrong, why is it taking so long? They think it will take weeks when it could take a year.

Death is not a simple thing to deal with, and while other cultures have lovely developed traditions around death in Australia we just step into an awkward funeral and then out the other side. There, done, lets not talk about that again.

It is really important that you update your superannuation details as part of your Estate Plan.