Wills & Estate Plannin
Simplify Your Life, Secure Your Future
Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. This money becomes lost when you move house and forget to update your details with a financial institution or company.
What is unclaimed money?
Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. This money becomes lost when you move house and forget to update your details with a financial institution or company.
Unclaimed money received by ASIC is transferred to the Commonwealth of Australia Consolidated Revenue Fund. It is available to be claimed at any time by the rightful owner and there is no time limit on claims.
Bank accounts become unclaimed after 7 years if the account is inactive (no deposits or withdrawals). Life insurance policies become unclaimed 7 years after the policy matures and is not claimed
Product Description
People often think estate planning is having a will, but it is really much more than that.
Estate planning is about planning for what you want to happen to your assets and affairs when you pass away. It is also about having a back-up plan for who takes charge of your affairs if you lose capacity and can’t make sound decisions.
Profile (Basic Info)
This option will gather user’s personal information and check if all the options are available to execute by linking the account to government’s system.
Insurance
This option will include all your insurances and automatically come into force if the conditions have been met.
Intangible assets
This option is similar with a memorandum which record all your passwords and access to different app accounts.
Official Accounts
This option will include all your official accounts for both saving and credit.
Private transaction
This option will encourage user to record private transactions which lack standard contracts with some simple proofs.
Wills
This option is the letter you want to leave to your family and the plan on how to deal with all the options above with legal benefits after you pass away.
SWOT Analysis
The project will provide customers an easy way to set up a legal significance planning and have a professional consultation.
The application can be used as personal online coffer and memorandum.
A potential possibility to cooperate with banks and government.
