Having an expert who only deals in Succession and Estate Planning on your side as you get older is a great benefit. It means that your concerns about what will happen to your family after you are gone, are met and you have the comfort of knowing that your family, financially, will be ok.
An expert in Succession and Estate Planning will help you deal with the things required to ensure you and your family are prepared. This includes drafting an appropriate Will, Power of Attorney, Living Will and planning for long term care.
Your Will is the legal document that sets out your wishes in relation to your assets and liabilities after you are gone. It’s important, which is why you need an expert Succession and Estate Planner to advise you on your Will and to ensure, that it is valid and addresses your particular circumstances. This includes advising you on any potential family provision claims if you are intending to leave a family member out of your Wil,l as well as advising you on whether it is beneficial to set up a Trust, in your Will to look after vulnerable family members after you are gone.
An expert Succession and Estate Planner will also advise you on any taxation concerns that your Will may cause any of your beneficiaries and how to deal with those issues.
Power of Attorney
Having an Enduring Power of Attorney in place as you get older is very important. An Enduring Power of Attorney, is a Power of Attorney that is able to be used by the person you nominate in the event that you are no longer able to make decisions about your finances. Deciding who to appoint as your Enduring Power of Attorney is an important decision as they will have the ability to deal with your assets and make decisions on your behalf.
An expert Succession and Estate Planner can advise you and draft an Enduring Power of Attorney to be held at their office until it is needed. This includes ensuring that such a powerful document is held by your expert Succession and Estate Planner until evidence is provided to show that you are no longer able to make decisions about your finances.
Planning for Long Term Care
Planning for your long term care can be a confronting exercise but also one of your main concerns as you get older. Having an expert Succession and Estate Planner on your side, allows you to explore all the options available to you and ensures that your long term care is not left to chance. This advice includes the financial impact of long term care, such as nursing home bonds, senior living arrangements and decisions about your health.
If you require help in any of these matters and would like the advice of an expert, call our team at Sydney Wills Lawyers, who deal only in Estate and Succession Planning. For over 20 years Graeme Heckenberg has been taking care of the needs of his Sydney clients. Offices conveniently located in Sydney CBD and close to public transport.
Call today for an appointment on 9221 2779 or email firstname.lastname@example.org