Gain peace of mind that your property and assets are left to the people you desire and that you’ll be taken care of in the event that you can’t make your own decisions.
A Will is not the only document a person needs to have full control over their affairs. It is essential to ensure your wishes will be executed upon your death, or in the event that you were unable to make your own decision. There are many scenarios and hurdles that may occur that you won’t be around to resolve, so it’s important to seek the help of a lawyer who’ll help you prepare for these scenarios.
As people age, depending on their circumstances they may need an Enduring Power of Attorney (“EPA”), Advance Care Directive (“ACD”) or Family Trust.
Where a Will gives a person control over their affairs after they pass away, and EPA and ACD gives a person control over their affairs while they are alive, but have lost their capacity to make decisions for themselves. A Family Trust can reduce a person’s expenses, retirement fees and protect their estate from litigation.
Part of the Estate Planning process is reviewing your assets, debts, family/business trusts, superannuation, life insurance and succession plans which are all taken into account when creating your Estate Plan. Moving into your retirement may seem daunting and people will often need to take financial and accounting advice in conjunction with our advice to tailor a plan that suits the individual.
Having a Will, Enduring Power of Attorney, Advance Care Directive and a plan in place will mean that should you ever lose your capacity, your family will know your wishes and will be armed with the legal ability to carry them out.
It is often the case that when a parent or loved one does lose their capacity without having a plan and the legal documents in place, disagreements with children or relatives will arise as to what they think should be done – often leading to family feuds and expensive applications in the Courts or the South Australian Civil and Administrative Tribunal.
D’Angelo Lawyers offer reliable Will and Estate Planning services that give you the peace of mind you need knowing everything will be taken care of. To learn more about how we can help you with your Will and Estate.