Estate Planning is about protecting the interests of your family and others, both in the short term and the future.
The foundation of a strategic Estate plan are based on the following three documents:
• A properly drafted Will
• Enduring Power of Attorney
• A Personal Directive
Your Will is the document in which you explain what you want done with your Estate when you die. Your Estate consists of any land, house, money, investments, personal items and other assets that you own or have an interest in.
The purpose of the Will is to pass on your assets to your loved ones or others according to your wishes and with as few problems as possible. If you pass away without a valid Will the distribution rules of the Estate will likely not be as you would have wished, they would be in accordance with Government Legislation.
Enduring Power of Attorney
An Enduring Power of Attorney is a legal document during your lifetime appointing another person to make property and financial decisions for you when you cannot.
A Personal Directive is a living document appointing another person on your behalf to make personal and health care decisions (non-financial matters) on your behalf when you are not able to do so.
Both of these living documents come to an end on your passing and your Will then governs.
The Law Clinic would be pleased to have one of our experienced lawyers provide you in a professional, timely and cost efficient manner the services that you require.
Please click here for more information on Enduring Powers of Attorney and Personal Directives.