A Will is designed to allow you to decide who will inherit your assets upon passing, as well as provide instructions regarding the guardianship of any dependents and the care of pets. It also allows you to nominate an Executor who will be responsible for carrying out the terms of your Will. Estate Planning usually includes the creation of the following documents:
Last Will and Testament
Power of Attorney
Advanced Care Directive
If you want to ensure your loved ones are provided for when you pass and to help avoid litigation, then a professionally drafted Will is the most effective way of doing this. Without a Will, your wishes have no way of being known, and the administration of a deceased estate without a Will can be a complicated and expensive process for your family.
Powers of Attorney and Advanced Care Directives are equally as important as your Will as they enable an individual to act on your behalf when you are no longer able to make decisions for yourself. If you do not create your Power of Attorney or Advance Care Directives, your loved ones will need to apply to SACAT costing significantly more than the creation of the documents in the first place!
Death is not the end. There remains the litigation over the estate.
- Ambrose Bierce
How Do I Create my Estate Planning Documents?
Want to know more about these documents or how to start the process of preparing them? The most effective way is by engaging with a qualified solicitor before preparing any document which will affect your future financial security and wellbeing.
KD & Co Lawyers can help you - use the buttons below to contact us now to discuss your options in an obligation free appointment.