The WA Property Q&A

The WA Property Q&A


EP19 The Importance of Estate Planning – with Joel Starke

February 14, 2024

Death in the family is a difficult time for every member, but the loss of a loved one is often times aggravated because of disputes on who takes what of the estate that was left behind.


In this episode of WA Property Q&A, estate planning expert, Joel Starke joins us to discuss the ins and outs of wills and estate planning. Joel also shares insights on dealing with complex estates and the importance of proper planning.


Be sure to listen to the full episode to learn more about:


  • The importance of wills and why every property owner should have one
  • Understand family laws that govern estates
  • How to properly structure your trusts
  • The three people you need to talk when preparing your estate structure
  • What you need to know about superannuation
  • Your rights as a surviving family member
  • And more…

 

Chapters:


00:01 Introduction to the WA Property Q&A Podcast

00:48 Who is Joel Starke?

01:33 Understanding the importance of wills in property ownership

02:49 Exploring the concept of joint tenancy in property.

04:21 The role of trusts in property ownership

08:44 The role of executors in estate planning

11:21 Importance of accounting and financial planning advice

12:39 Intricacies of superannuation in estate planning

15:35 The impact of family dynamics on estate planning

34:43 The risks of not having a properly drafted will

39:23 Understanding testamentary trusts

44:28 Conclusion: the importance of proper estate planning

45:48 Podcast wrap-up


Links and Resources:


Rezzi: https://rezzi.com.au/

Joel Starke Legal: https://www.jstarkelegal.com.au/

Joel Starke on LinkedIn: linkedin.com/in/joel-starke-a5342415a

Subscribe on these channels:

Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149

Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298