Other types of asset protection
Insurance is just one type of asset protection. Here are some other ways to protect what's important to you:
- Wills
A will formally spells out how your assets should be dealt with after your death. Everyone needs a will regardless of age. - Enduring power of attorney
An enduring power of attorney is a formal document giving someone the power to act for you if you lose the capacity to make decisions yourself. - Storing financial documents
Having all of your financial documentation filed together makes it much easier for you to manage your personal finances.
If you are looking for information on setting up a family trust, visit our special Trusts section.
An asset is a useful or valuable person or thing. In financial terms it's an item that can be converted into cash such as bank deposits, shares or property.
- Log in to My Sorted
My Sorted allows you to store your calculations and come back to them at any time. Before you can use My Sorted you'll need to register as a user.
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Securing your future without risks
Stu and Pia were in their early 40s – the mortgage had just been paid off and the kids were starting ...
