Testamentary documents that you should consider making are:
- A Will;
- A Power of Attorney; and
- An Enduring Guardianship.
Powers of Attorney and Enduring Guardianship documents ensure that if you lose capacity to manage your own financial or medical affairs, a person you know and trust to carry out your wishes has the legal capacity to do so. A valid Will is vital to ensure your wishes are carried out upon your death.
When a person dies all their assets (such as houses, bank accounts, shares, and any other personal possessions) make up their Estate. Their Estate is then called in and divided between the named beneficiaries (of the Will). This process involves obtaining a Grant of Probate from the Supreme Court of NSW which gives the executors of the Will power to deal with the deceased’s estate in accordance with the Will.
Our team can help you in all these transactions. Contact us for more information.