Planning ahead with respect to your personal affairs can save your family problems and expense.
What is a will?
A person’s will is a written document that sets out the person’s wishes about how his or her estate should be taken care of and distributed after death. It takes effect when the person dies.
What is an estate?
An estate is the property that a person owns or has a legal interest in. The term is often used to describe the assets and liabilities left by a person after death.
What is a trust?
A trust is created to hold property or assets for the benefit of a particular person called the beneficiary. It is managed by a person called a trustee, who has an obligation to deal with the property for the beneficiary of the trust.
What is a power of attorney?
A power of attorney is a legal document, often referred to as a “POA”, that gives someone else the right to act on your behalf.
What is a “living will”?
The expression “living will” is sometimes used to refer to a document in which you write down what you want to happen if you become ill and can’t communicate your wishes about treatment.
At Nexus Kew Law Professional Corporation, our Lawyer can assist you with legal matters regarding wills, living wills, estates and power of attorney documents and advice. Wills and Powers of Attorney play a significant role in your estate planning. They permit you to structure your affairs both during your lifetime and after your death in accordance with your wishes. If you don’t have a will or appropriate powers of attorney, your estate will be dealt with in accordance with the statutory scheme for intestate succession or the law governing guardianship of people unable to manage their own affairs.
Feel free to book a consultation to discuss your matter with us in confidence.