There is no one answer about how to do your Will. It all depends on your assets, your circumstances and who your beneficiaries will be. You need to make a will that makes your wishes clear, that avoids confusion and conflict amongst your loved ones, and that is legally valid and binding. Doing this will protect your family and friends from costly and stressful legal disputes.
We know the potential pitfalls, and will ask you all the right questions to make sure that you have considered every possibility. We can design your Will in such a way to help protect your family from expensive estate litigation after your death and we can safely store your original Will in our Deeds room.
Powers of Attorney
A Power of Attorney is a legal document whereby one person (the donor) grants another person the authority to make legal and financial decisions on their behalf. A Power of Attorney can be used in several ways – from having another take care of your affairs whilst travelling to times of extended illness.
An Enduring Power of Attorney takes this a step further, whereby the person nominated to manage the affairs may continue to manage the affairs once the person giving the power is found to have diminished mental capacity due to injury or illness. This arrangement can remain in place as long as the donor is still alive.
Powers of Attorney can be drawn in relation to medical treatment and/or financial and personal matters. The rules are different between States, so you will need to consider which State is applicable to you.
Contact us to find out more or to arrange a consultation with an experienced estate planning lawyer in Echuca.