Wills & Power of Attorney’s
Wills & Powers of Attorney
An estate plan includes your will as well as your directions on how you want your assets distributed after your death. It includes documents that dictate how you will be cared for, medically and financially, if you become unable to make your own decisions in the future. A good estate plan should minimise the tax paid by your beneficiaries. This may avoid family arguments.
You must be over 18 and mentally competent when you draw up the legal agreements that form your estate plan. Important documents might include:
- Superannuation and binding nomination
- Testamentary trust
- Powers of attorney
- Power of guardianship
- Medical Directives
At Danny Eid Lawyers, we make estate planning easy to understand. Whether you want to prepare a Will, Power of attorney, Power of Guardianship, or a Medical Directive, we help you make an informed decision.
A legal Will ensures that your loved ones are provided for after you have died. It may help reduce the likelihood of an estate dispute. By making a will, you can:
- Make a decision about how to divide the estate between your family, friends and any other person or entity.
- Nominate an Executor of your estate.
- Indicate who you want as guardians for your children.
Danny Eid Lawyers work with you to understand your concerns, analyse the situation, and provide practical, sensible and accurate advice about your legal options.
We simplify complicated matters, and minimise the risks of estate disputes.
Whether you want to make a Will, or update your existing Will, we are right by your side. Let us prepare your Will and plan your Estate.
Powers of Attorney
A Power of Attorney is a legal document that appoints and authorises one or more persons to manage your legal and financial affairs. You can specify:
- The period when the nominated person(s) will be appointed as attorney(s)
- Unrestricted or limited powers
- Whether the attorney/s can act independently or must act jointly to exercise the powers
There are three types of Power of Attorney’s:
- General non-enduring powers of attorney
- Enduring powers of attorney
- Medical powers of attorney
With an enduring power of attorney, the attorney can continue exercising the power you have given them after you lose your mental capacity.
At Danny Eid Lawyers, we will discuss with you the best option to take in your circumstances.