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In this episode of the Investing for Doctors Podcast, we sit down with estate planning solicitor Tyrone Dutt to unpack one of the most misunderstood areas of wealth protection — what actually happens to your assets when you die.

We dig into the critical documents every medical professional needs but most don't have — wills, enduring guardianships, binding death benefit nominations — and how your family could end up fighting in court if you get this wrong.

We cover the key estate planning mistakes doctors make, the legal traps hiding in your superannuation, and why relying on your will alone might not be enough to protect your loved ones.

You’ll also learn how blended families, second marriages, and dependents from different relationships can complicate even the simplest estates — and how to bulletproof your plan before it’s too late.

If you're building wealth but haven’t thought about what happens after you're gone — this episode is your wake-up call!

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TIME STAMPS:

00:00 – Hook/Intro

01:20 – Why Estate Planning is a “Gap” for Doctors

03:00 – What is a Will (and what it doesn’t cover)

05:25 – Enduring Guardian vs Power of Attorney

08:15 – The Documents Every Doctor Needs

11:00 – Why Your Will Doesn’t Control Your Super

14:30 – The $2M Insurance Trap in Super Funds

17:05 – Who Actually Gets Your Super When You Die?

19:10 – How Blended Families Complicate Everything

21:40 – Common Misconceptions About Binding Death Nominations

24:25 – Why Some Super Funds Don’t Let You Nominate Parents

26:30 – Tax Consequences of Poor Estate Planning

29:00 – Structures to Minimise Risk and Maximise Certainty

32:20 – Why Every Doctor Needs This Conversation

34:10 – Teaser: Incapacity Documents in the Next Episode

35:00 – Outro & Disclaimer

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SHOW NOTES LINKS

https://ifdgroup.com.au/

https://doctorbi.com.au/

https://empire.law/

https://au.linkedin.com/in/tyronedutt
https://www.facebook.com/3mpireLaw

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LISTEN TO THE PODCAST:

Spotify: https://spoti.fi/3FoBRAy

Apple Podcast: https://apple.co/4iks50N

Amazon Music: https://amzn.to/3DoyJnP

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FIND US HERE:

Website: https://ifdgroup.com.au/

Facebook Group: https://www.facebook.com/groups/investingfordoctors

Facebook Page: https://www.facebook.com/investingfordoctors

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DISCLAIMER:

The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.