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Understanding Your Power Of Attorney Options

>Australia is fortunate that the NSW Powers of Attorney Act of 2003 defines the various procedures and protection associated with various recognised Powers Of Attorney (POA). The reality of today’s world is that everyone should have some sort of Power Of Attorney. Depending on your circumstances you mat elect to have several different POA’s naming …

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by Legal Will

>If you care about the persons in your life, there are many things you will do during the course of your life to better their lives. As a person who provides, love, friendship, income, savings, housing, food, clothing and emotional and material assistance, your friends and family may rely upon you more than you think. …

Continue reading "The Will – The Path to The...

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>As we plan for retirement, we should consider creating an Enduring Power of Attorney. Unlike a general Power of Attorney, an Enduring Power of Attorney continues to have effect after the Principal loses the ability to make responsible financial, personal or health decisions. Usually when the Principal begins estate planning, an Enduring (or Protected) Power …

Continue reading "Considering an Enduring Power of Attorney?"

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>We live longer. Because we do, our responsibilities live longer, right alongside us. Even if we are able to manage our responsibilities, there comes a time when it makes sense for someone else to step in and help. When we are no longer able to administer to our important responsibilities, an enduring Power of Attorney …

Continue reading "Life Goes On With an Enduring Power...

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Literally, a testamentary trust is a trust in a will. A testamentary trust is also referred to as a will trust and is a trust that arises upon the death of the testator, who is specified in the will. A will may contain more than one testamentary trust and may address all or any portion …

Continue reading "What is a Testamentary Trust?"

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>In this third part, we’ll go through some of the things you should consider and other common terms you will come across. Legal Will – Marriage & DivorceMarriage revokes/ cancels a will. Thus, a new will should be arranged soon to include and provide for your spouse. On the other hand, revocation of wills due …

Continue reading "How to Write A Will: Other Considerations"

by Legal Will

> Beneficiaries are persons or entities that you have selected in your Will to receive part or all of your assets in the event of your death. You can select anyone that you like, and more than one person or entity can share in your estate. Examples of beneficiaries include: Spouses and partners Children Parents …

Continue reading "Beneficiaries: Selecting or Leaving out"

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> The Executor will distribute your Estate to the beneficiaries you select in your Will. However, not all beneficiaries will take their gift straight away. The following are examples of beneficiaries that cannot hold their gift in their own right: Children (under 18 years of age) Persons who have a legal disability (for instance mental …

Continue reading "Executors as Trustees"

by Legal Will

> An Executor is a person or persons who you select in your Will to carry out all of your arrangements after your death. Their duties include: Making your funeral and burial arrangements Paying your debts Arranging for the distribution of your assets to the beneficiaries you have selected In general, representing you (i.e. your …

Continue reading "What is an Executor?"

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>Anyone you choose can be appointed – regardless of whether they are related to you or your child. You can choose one or more persons to be the guardian of your child, although disputes can arise if you select more than one person.

person

Understanding Your Power Of Attorney Options

The Will – The Path to The Future

Considering an Enduring Power of Attorney?

Life Goes On With an Enduring Power Of Attorney

What is a Testamentary Trust?

How to Write A Will: Other Considerations

Beneficiaries: Selecting or Leaving out

Executors as Trustees

What is an Executor?

Who can be appointed Guardian?

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