Our lives are changing. It’s not uncommon for both parents to work, the pace and demands of our professions are increasing, travel is on the rise and holidays are required to maintain work/life balance.

More than 4,000 of the 160,000 recorded deaths in Australia throughout 2012 were the tragic deaths of people aged between 30 and 44 – many of whom had made no preparation, leaving their loved ones in a state of shock, uncertainty and despair.

The estate planning experts at Owen Hodge Lawyers have designed Family Future to give parents of young children peace of mind. Family Future is an estate planning product that targets at parents of young families in Australia. Traditionally, estate planning is a consideration for older generations who understand the severity of loss because of the prevalence of such in their age bracket. For the fi­rst time, estate planning has been redefined, tailoring the planning product to meet the needs of parents of young children – based on our changing lifestyles. With this comes an increasing rate of dependency and the increasing need to plan. This presentation discusses the importance of Family Future in Australian families.

Family Future is designed to give parents of young children peace of mind, ensuring definitive answers to questions such as:

  • How would my mortgage be repaid if I was unable to pay it?
  • What would happen to my family if they were no longer receiving my income?
  • Who would take care of my children if I couldn’t?
  • Which schools will my children attend for their best chance at a bright future?
  • What sort of funding can be set up and at which point and by whom would this funding be released?

Family Future is more than a will. It’s a better solution for a brighter future. Incorporating will preparation, insurance, testamentary trusts, power of attorney and risk assessment, Family Future specially focuses on the needs of young families and tailors specific plans. To ask a question or have a chat about Family Future, please don’t hesitate to contact us at 1800 770 780 or via email at ohl@owenhodge.com.au.