Estate Planning
An Australian Law Firm
Estate planning is regarded as an advanced arrangement of how all properties and investments are managed when someone passes away. Make your estate plan to protect yourselves, properties, and who you love.
An important part of estate planning is to make a Will or a Testament by which a person, the testator, expresses their wishes or desires as to how their property and possessions are distributed, managed upon their death to/by one or more persons. The Will maker can also appoint the executor to manage properties until their final distribution. Read more
A Power of Attorney (PoA) is a legal document by which a person (the principal) gives authorization to another person (the agent or attorney-in-fact) to act on his behalf. The authorized agent can be subjected to full or limited legal power to make decisions about the principal & property, finances or medical care…Read more
Advance Care Directive is the essential back-up plan which enables you to:
- Express your wishes, preferences & instructions for your future health care, end of life, living arrangements and personal matters
- Appoint one or more Substitute Decision Makers (SDM) on your behalf in case you are unable to communicate or make a decision yourself.
- Create a warm peace of mind that your beloved ones grasp your ideas and respect your desires though you might not be able to speak out…Read more
Probate is the process of transferring property legal title from the decreased person to their heirs or beneficiaries. It also refers to the legal document (Grant of Probate) issued by the court to confirm the validation of the Will as well as the administration right of the Will executor to finalise a deceased person’s financial and legal affairs…Read more
To stop a POA you granted for another person, you should complete a revocation process. If you want to give up the power that you are given by the principal.
A Power of Attorney has its effects for while you are alive and is no longer valid after your death, whereas a Will is for after you pass away.
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If you have not made an Enduring Power of Attorney while you have legal capacity, your relatives may not be able to handle your affairs informally.