A lesson, from Prince to you

Jemma Brown • May 25, 2016

It’s a subject most of us don’t want to think about, along the lines of cavity fillings, blood tests and other such uncomfortable situations. Estate Planning.

Even though a Will is probably one of the most important documents you will ever sign, statistics show that on average 45% of Australians do not have a current and valid Will in place. Many people don’t believe it’s necessary to have a Will or make provisions for their Estate Planning until they are much older or have a significant asset base.

This preconceived idea about Estate Planning couldn’t be further from the truth. Take the recent death of music legend, Prince for example. Despite his estate being worth approximately $300 million, the singer did not have a Will that detailed the distribution of his assets.

If you die without a Will, you have died intestate (intestacy). In that case, the state will get involved, and the Law, not you, will determine who is entitled to a share of your estate. Dying without a Will can also place a great deal of emotional and financial stress on loved ones left behind. Conflicts and arguments may arise between family members with different opinions about the distribution of your assets, funeral arrangements, who will be guardian to your children etc. and these disputes may lead to expensive lawsuits.

Prince left behind a complicated family. Both of Prince’s parents have passed away, he has one full sister, several half-siblings and no known children. Prince doesn’t get to decide where his estate goes because he failed to execute a Will. His wishes may have been very different than the intestacy statutes.

You may not consider yourself to have the same net worth as Prince, however, no matter where you stand on the socio-economic ladder you need to protect yourself and your family. It doesn’t matter whether you have just turned 18 or you’re in your 90’s, worth millions or just starting your first job, an up-to-date and valid Will can save your beneficiaries and family a lot of trouble and heartache.

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Adrian Rasmussen retires after decades supporting Regional Queensland

By BMO • June 30, 2026
After an incredible career dedicated to supporting regional businesses, farming families and rural communities, BMO Business Centre Partner Adrian Rasmussen will officially retire from the partnership effective 30 June 2026. For many across the Western Downs and beyond, Adrian has been far more than an accountant or advisor. Over decades in business, he has built trusted relationships grounded in honesty, loyalty and a genuine understanding of regional life and the people who live it. Adrian’s connection to the country and agriculture has always been at the heart of who he is. He has worked alongside generations of farming families and business owners through seasons of growth, challenge and change, becoming a steady and respected presence for clients, colleagues and the wider community alike. Reflecting on his time at BMO, Adrian said the relationships formed throughout his career have been among the most rewarding parts of the journey. “It has been a privilege to work with so many wonderful people over the years; not only clients, but colleagues and communities who have become lifelong friends,” Adrian said. “Regional communities are built on relationships, trust and supporting one another, and I’m incredibly grateful to have been part of that throughout my career.” BMO Business Centre Managing Partners Kelvin Tyler and Michelle McVeigh said Adrian’s contribution to both the business and the region would leave a lasting legacy. “Adrian has played an incredibly important role in shaping BMO into the business it is today,” they said. “His care for clients, commitment to regional communities and calm, practical approach have earned enormous respect across our industry and the communities we serve. While we will certainly miss having him in the office, we are excited for Adrian and his family as they enter this next chapter.” While stepping away from the partnership, Adrian is looking forward to spending more time with family, on the farm and enjoying a well-earned change of pace after many years dedicated to supporting others. Everyone at BMO Business Centre extends their sincere thanks to Adrian for his years of service, friendship and leadership, and wishes Adrian and his family all the very best for the future.

Your 30 June superannuation checklist

By Nikki Ashurst • June 4, 2026
Five easy ways to get more into your super fund before the end of the financial year.