wills and enduring power of attorney...by making an enduring power of attorney, you get to choose...
TRANSCRIPT
WILLS AND ENDURING POWERS OF ATTORNEY
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Family Law ExpertsSunshine Coast
www.pippacolman.com
A Will is a legal document which takes effect after your death. It appoints an Executor and expresses your wishes about the division of your assets between your beneficiaries.
If you pass away without a Will, your assets will be distributed according to the laws of intestacy, which could result in:
With no Will in place, you have no say in who administers your estate and who takes the assets you built up over a lifetime.
A Will is a complex legal document which should be prepared by a solicitor. A solicitor will make sure that your Will is properly prepared so that your wishes are set out clearly, and that your completed Will is executed correctly.
You are able to change or alter your Will at any time and as often as you like.
Your circumstances change over time so it is advisable to review your Will regularly. Particularly:
◊ the forced sale of assets like the family home, so beneficiaries can claim their share; or
◊ your assets being passed to the government, when you don’t have any living relatives.
WILLS
What will happen if I don’t make a Will?
Preparing your Will
Changes to your Will
What is a Will?
We all accept that one day we will pass away and if you don’t have a Will in place, your assets may be treated in a way that you would never have wanted and those who you love may miss out.
If you have a proper Will, your assets will go to your loved ones.
GET STARTED ONLINE, ANYWHERE, ANYTIME!
www.pippacolman.com/wills-estates
We at Pippa Colman & Associates Law Practice,
would love to help you.
◊ as relationships change◊ as your assets change◊ if you move to a different state◊ as laws about estate planning change
Making a Will
By making an Enduring Power of Attorney, you get to choose who will administer your financial and/or personal affairs.
Unlike a General Power of Attorney, the powers under an Enduring Power of Attorney continue if you lose the capacity to make decisions for yourself.
An Enduring Power of Attorney allows you to give your appointed Attorney the power to make financial decisions and also personal and/or health decisions.
An Enduring Power of Attorney enables you to set out what actions your Attorney can perform on your behalf. You can nominate more than one
Attorney and say when their powers will begin.
You can give your Attorneys the authority to make most decisions that you could legally make yourself or limit their powers to terms set by you.
You should make an Enduring Power of Attorney if you are 18 years or over and have the capacity to understand the nature and effect of the power you are giving to your Attorney.
ENDURING POWERS OF ATTORNEY
What is an Enduring Power of Attorney?
Who should make an Enduring Power of Attorney?
If you are unable to manage your own affairs, it may be too late to make your wishes clear to those who will care for you unless you have an Enduring Power of Attorney in place.
Making an Enduring Power of Attorney
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ADDRESS 19 First Avenue, Maroochydore Qld 4558
www.pippacolman.com
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The information in this brochure is intended to provide general information on legal issues and should not be relied upon as a substitute for professional advice.