Enduring Power of Attorney 3
I have spoken at length in the last few editions of the need for and benefit of having an Enduring Power of Attorney. Have you done anything about it yet? Don’t keep putting it off!
A lot of people think that their Will covers them in the event of something happening to them whilst they are alive. That is not correct. The terms and provisions made in your Will only apply and come into force upon your death. That is why you need an Enduring Power of Attorney to cover you and your family whilst you are still alive.
If you don’t have an Enduring Power of Attorney and you become incapable of handling your own affairs they could be placed in the hands of the Public Trust Office or Office of the Adult Guardian and that can become a very expensive and cumbersome affair for your family.
Divorce or marriage can radically alter and even revoke your Will and Enduring Power of Attorney.
The difficulty I have in getting clients to make a Will and Enduring Power of Attorney is that they for some reason believe that they are immortal and that nothing will happen to them. Let me assure you that the old saying is still true today, there are only two certainties in this life, death and taxes.
Your death or incapacity will cause enough grief to your family, don’t add to their grief by burdening them with unnecessary and expensive red tape because you didn’t take the time to plan.
To discuss your Will and Enduring Power of Attorney please contact us. |
"I’m very pleased with the work you have done and feel you really went the extra mile for me. I will certainly be using and recommending your firm to anyone who asks. Thanks again."
Craig W, November 2005
"Dearest Sylvia, Can't thank you enough for all your time, effort and trouble that you have gone to for myself and my family. Thank You!!!"
Lenn, Nick & Jocelyn, January 2006
"Thank you Margaret, We appreciate your efforts in making this a simple and painless transition. Thank you again."
Tony & Donna, May 2007 |