Will, EPOA & ACD
We all know that a Will gives you a say about who you would like to be your legal personal representative upon your death, who you would like to inherit your assets, and your funeral preferences upon your death.
If you don’t have a Will, it may be difficult and expensive for your family to deal with your estate, you have no control over what happens to your assets and it may be possible for a distant relative, former spouse or even an estranged relative to make a claim against your estate, even if your intention was for them to receive nothing. The Supreme Court will have the final say as to who will become the administrator and who gets to share in your estate.
The Court may even decide to appoint the Public Trustee or maybe someone you owe money to, to administer your estate. Under an Enduring Power of Attorney (EPOA) you appoint one or more people to be your attorney to make financial decisions on your behalf when you have lost capacity (either permanent or temporary). You can direct your attorney(s) to make those decisions either solely or jointly.
Under an Advanced Care Directive you appoint one or more people to be you substitute decision maker (SDM) in the event that you have lost capacity. You can direct your SDM(s) to make decisions about where you want to live, refusals of health care, dying wishes and any other personal arrangements you may want.
Contact one of our friendly staff at Bambrick Legal today: