An Enduring Powers of Attorney is a vitally important document for anyone over the age of 18 years. Whilst your Will is an important document, it does not have any legal effect until you die.
If at any time you are injured, ill or otherwise incapable of managing your own affairs, it is not automatic that anyone else has the right to step in and look after your personal affairs for you. If you were incapable of managing your own affairs, who would attend to paying the bills?
An Enduring Powers of Attorney is a document where you appoint a person or people whom you trust to be able to step in and look after your personal affairs for you, for your benefit and on your behalf until such time as you are in a position to resume control of your affairs yourself. It is important to give careful consideration as to how an Enduring Powers of Attorney should be set up to suit your particular circumstances.
It is very important that everyone over the age of 18 years has a current Will. There are many traps for the unwary in the preparation of a Will and how the contents of a Will are worded. Our firm has extensive experience, backed up by regular updates in contemporary estate issues, to ensure that we can give you the best advice and assistance in preparing your Will.
Increasingly, taxation and superannuation issues are impacting on how Wills are drafted. Also, the existence of business structures, eg. companies, family trusts, etc. must be taken into account. Our firm has an association with specialist Taxation and Superannuation Lawyers so that detailed, specific advice tailored to your circumstances is available.