What is Estate Planning?
Estate Planning comprises the following legal documents:
What is a Will?
What is a Testamentary Guardian?
What is an Enduring Guardian?
What is an Ensuring Power of Attorney?
What is a Statement of Wishes?
Why do you need a lawyer?
WILLS AND ESTATE PLANNING
1. Wills
2. Appointing Testamentary Guardians
3. Appointment of Enduring Guardian
4. Appointment of Enduring Power of Attorney
5. Statement of Wishes
A Will is your final say regarding how you would like your Estate distributed once you have passed away. A Will involves a complete assessment of what you presently own, deciding whom you would like to inherit your Estate, and formulating a plan to achieve your wishes.
A Testamentary Guardian is an appointed person or group that cares for your children if you pass away. You can prepare guidelines for the appointed guardian regarding your wishes for the care and upbringing of your children.
An Enduring Guardian is an appointed person or group of people that make decisions for you when you are incapable of making your own decisions and is only operable for the period of incapacity. Your enduring guardian makes decisions related to your health, lifestyle and well-being.
A Power of Attorney is an appointed person or group that takes care of your legal and financial affairs when you are temporarily or permanently unable to do so yourself.
A Statement of Wishes is a document that outlines detailed instructions to your Executor, family and friends as to your wishes regarding your funeral and memorial services.
Engaging a lawyer is to prevent your estate planning documents from being contested or challenged.
Our team of solicitors can assist your Estate planning by:
1. Provide you with legal advice about the rules and regulations associated with Wills, including how to deal with assets held jointly and family trust assets. 2. Ensure the execution of well-written, detailed, clear and accurate documents.
3. Ensure legal formalities are satisfied.