Wills and Planning Ahead
DO I NEED A WILL?
Making a Will is important for people of any age. Priest Legal can assist you by discussing your individual circumstances and drafting a will that ensures your wishes are respected after your death, while minimising costs to your estate. You should consider updating your will following any significant changes in your life. Wills can range from simple to complex, depending on your wishes and individual circumstances. We can help you decide what arrangements are best for you.
Planning for the management of your affairs after your death involves much more than simply making a Will. Estate planning is the process of putting in place arrangements that give certainty and security for your family when you can no longer personally provide for their financial, health and emotional wellbeing.
If your personal and financial affairs are uncomplicated, Priest Legal can help you through the entire Estate Planning process. If your affairs are more complex we will work with your accountant, financial advisor or other professionals to deliver the outcome you are looking for. Our priority is providing you with a tailored solution that meets your individual needs.
Many people make a Will dealing with their property after their death, but fail to consider what might happen if they are no longer able to manage their affairs during their lifetime. Priest Legal can help you plan for the unexpected and make sure your interests are protected.
An Enduring Power of Attorney and Appointment of Enduring Guardian are complementary documents that let you choose who you want to have the authority to make decisions across all areas of your life if you are unable to make these decisions for yourself.
Power of Attorney
A Power of Attorney is a document that gives someone you trust the legal authority to look after your financial affairs and property matters while you are alive. You are able to place restrictions or conditions on any appointment. You might appoint an attorney to act for you in a variety of circumstances, such as an extended interstate or overseas trip, or to plan for a time when you are no longer able to manage your affairs.
An Enduring Power of Attorney lets you decide in advance who will make financial decisions and look after your money and assets on your behalf when you can no longer do so yourself. It makes it easier for your family to care for you and ensures that your wishes are respected in the long term.
The appointment of an Attorney is a serious decision. Priest Legal would be pleased to help you through this important process.
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Appointment of Enduring Guardian
Many people focus on planning ahead for their financial and business affairs by making a Will and a Power of Attorney but do not consider what will happen if they find themselves unable to make lifestyle and medical decisions due to illness or accident.
An Enduring Guardian is someone you appoint to make lifestyle, health and medical decisions for you when you are not capable of doing this for yourself. Your Enduring Guardian may make decisions such as where you live, what services are provided to you at home and what medical treatment you receive.
Enduring Guardianship only comes into effect if or when you loose the capacity to make your own decisions. It is a good way to plan for the future, particularly for unforeseen situations.
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