Mitchell Kelsey sits down with Jacob Chester, Senior Associate at Crest Lawyers, where they dive into the often-overlooked world of estate planning for Australian Expats. Navigating multiple legal systems, conflicting tax jurisdictions, and international assets can make planning your estate more complex but also more essential.
Jacob Chester shares his journey into practising Wills and Estates law as an Australian solicitor, what drew him to this field, and why he considers estate planning to be one of the most important conversations you can have.
In this episode, we cover everything from the basics of Wills, Powers of Attorney, and Advanced Health Directives to the more complex strategies involving testamentary trusts and dealing with non-estate assets such as superannuation. You'll learn the importance of the different legal systems and how they interact, what documents are essential in both Australia and abroad, and how to avoid common mistakes.
Whether you're living overseas now or planning an international move, this episode is packed with valuable insights to help you protect your assets, minimise tax, and secure your legacy - wherever life takes you.
The key topics this episode covers:
1. What is the difference between a Will, POA and AHD?
2. Do you need a Will in more than one country?
3. How does superannuation fit into your estate plan?
4. How do financial planning and estate planning go hand-in-hand when it comes to securing your financial future?
5. What is CGT event K3?
Tune in to make sure your estate planning affairs are in order.
What is Behind The Advice Australia?
The go-to podcast for Australians living abroad who want to take control of their finances and make the most of their expat experience. Hosted by Mitchell Kelsey, a Financial Adviser at Runway Wealth Management—one of the leading firms specializing in financial advice for Aussie expats—this podcast dives into expert insights, strategies, and real-life stories. Each episode features conversations with professionals from various industries, along with Mitchell’s own firsthand advice, helping you navigate the financial challenges and opportunities of life overseas.