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Money overview for survivors

If Saxon has died and you are handling money matters, read this page first before moving large sums or closing accounts.

It is written in plain language for someone with no prior knowledge of his setup.

Not legal advice

This page explains how Saxon organised money technically. Probate, tax, and who inherits cash are legal questions — follow the will and speak to a lawyer or the bank's deceased-estate team.

What Saxon's will says about money

From the will (paraphrased in simple terms):

  1. Money does not go to family members directly in the way furniture might.
  2. Money should go evenly to Saxon's child(ren) when they turn 20, if they understand the finance docs — or
  3. If there are no children, money is donated to a charity chosen by spouse, or if none, by immediate family.

Technology (PC, server, phone) goes to Ryan under conditions — not the same rules as cash.

Read the full will yourself: Will.

Where Saxon's money actually lives

Think of three buckets:

Bucket Bank / company Plain English
Home loan + savings against the loan MyState Mortgage on the Sunbury property, plus an offset account with about $31,000 that lowers interest
Long-term investing Vanguard Shares/funds meant for years, not daily bills
Day-to-day (maybe) Macquarie Older everyday accounts — may still hold some cash or card spending

Live numbers change. Open the MyState app or website for today's offset balance — do not rely on rounded figures in docs.

The offset — most important idea

The offset is not a separate mystery account. It is a transaction account linked to the mortgage. Money sitting there reduces how much interest Saxon pays on the home loan, but you can still spend or transfer from it like normal savings.

Simple explanation: Understand the offset.
Deeper detail: MyState offset (Finance).

What you need before touching accounts

  1. Legal authority — executor paperwork, death certificate copies, whatever MyState and Vanguard ask for in a deceased-estate situation. Banks will not take SaxDocs as proof alone.
  2. Vaultwarden access — Where passwords live. Usernames and passwords for banks are only there.
  3. Phone service — banks often send SMS codes to Saxon's mobile. Keep the plan active until the bank updates contact details: Pay phone bill.

Safe first steps (first week)

  1. Do not panic-transfer everything to one random account — offset money is doing useful work against the mortgage.
  2. Pay urgent bills — mortgage, utilities, insurance — so nothing defaults. See Monthly money routine.
  3. Open Vaultwarden and locate MyState and Vanguard entries: Find bank details in Vaultwarden.
  4. Call MyState deceased or bereavement line (number on mystate.com.au — use the official site) when you are ready to register the death formally.
  5. Tell Ryan if anything touches the home server — finance docs on this site are separate from TrueNAS backups.

What runs automatically vs manually

Item Usually
Mortgage direct debit Automatic from offset or linked account — verify in MyState
Vanguard regular investment May auto-pull on a schedule — check before cancelling
Phone, insurance, Prime, Greenfleet Often auto-charge a card — see individual pay guides
Tax / rates Calendar-based — check mail and MyState messages

Monthly rhythm Saxon used

After each pay cycle Saxon roughly:

  1. Glanced at offset (~$31k target).
  2. Paid or confirmed bills.
  3. Topped up Vanguard only if offset was healthy.

Your copy: Monthly money routine.

Guides for common tasks

Task Page
Log into MyState login-mystate.md
Pay mortgage manually (if ever needed) make-mortgage-payment.md
Log into Vanguard login-vanguard.md
Phone / insurance / subscriptions index bill guides

Who to contact

Need Contact
Bank deceased process MyState official phone — from their website
Investments deceased process Vanguard client services — from vanguard.com.au
Passwords / docs site / home tech Ryan (per will)
Legal interpretation of will Lawyer or public trustee — not SaxDocs