It is important to have a properly drafted Will to ensure that your assets are passed on according to your wishes. Obtaining proper advice regarding who you can provide for and what gifts you can provide are key considerations when drafting your Will. In some cases, guardianships (and life estate?) can also be carefully drafted into a Will.
General and Enduring Power of Attorney
A Power of Attorney gives authority for another person to sign on someone’s behalf in regard to financial matters such as selling property and assets, paying expenses, using money from a bank account and running a business. An Enduring Power of Attorney remains effective even when a person becomes incapacitated.
An enduring guardian can make personal and lifestyle decisions, such as when to enter aged care, when a person loses their capacity to make their own decisions. We can advise you on which decisions you may want your enduring guardian to make.