Many people consider their life planning documentation to be of low priority, however these are the most important documents you will sign to give you, and your family, peace of mind in the event of you becoming incapable of managing your financial affairs, or making decisions in relation to your health and lifestyle.
Your Will appoints an executor to administer your estate, and sets out how your assets will be divided. If you do not have a will your family will be put to additional expense and distress to apply for administration of your estate, and your assets may not be divided as you would want them distributed.
A Power of Attorney appoints a trusted person or relative to look after your financial affairs, if you become incapable of doing so. You must be of sound mind to sign the document. If you do not have a Power of Attorney then the Protective Office may need to take over your assets and administer them until the time of your death, and your family will have little say in the manner in which your assets are managed.
An Appointment of Enduring Guardian appoints a trusted person or relative to make decisions relating to your health and lifestyle issues, if you are not capable of making those decisions. These include where you will live, the kind of health care or other services you will receive, and to consent to medical and dental procedures. Without an adequate Appointment of Enduring Guardian, the Public Guardian may be appointed to make these decisions without discussion with your family.
To discuss your individual needs or to arrange a consultation for advice, please Contact Us.
Some Nice Thoughts :
“We want to thank you very much for visiting our father’s home and finalising the respective documents. Your dealings with our father were very professional and importantly for us, very considerate and understanding of his age. We also appreciate your offer of holding a copy of his Will with the other documents.”
Robert , Berowra