ESTATE PLANNING
Be prepared and ensure the people you care about are well looked after.
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ESTATE PLANNING
Estate planning is the best way to make sure that your loved ones are taken care of and your wishes are followed. Having the right estate planning in place will not only ensure that your estate is distributed according to your wishes but will also protect your assets. Don’t leave the future of your family and loved ones to chance, contact us to discuss your estate planning options.
WILLS
Having a will is essential in ensuring that your assets are distributed to the right people, at the right time and in the right manner when the time comes. It is important to receive correct legal advice that apply to your specific assets and specific situation as this can save you (and your estate) costly court disputes, family disputes and will give you peace of mind.
Each person or family is different hence a one size fits all approach is not ideal when it comes to wills. Families with young children may need trusts set up in their wills to ensure the children’s financial needs are provided for should a parent pass away. In some cases, parents may also wish to ensure that the inheritance they pass down to their children is secure and remains in the family. Such outcomes can be ensured by including Testamentary trusts in a will. On the other hand, others may wish to keep it simple and have a simple will.
Either way, our team of experienced lawyers will advise you on your specific circumstances and draft the right will for you.
ENDURING POWER OF ATTORNEY
An Enduring Power of Attorney is a legal document that gives someone you trust authorisation to make financial decisions (and sometimes, lifestyle choices) on your behalf. In some states, an EPA can also give power to make lifestyle choices.
Why it is important to have an Enduring Power of Attorney?
It is important to have an Enduring Power of Attorney as life can be unpredictable and one may find themselves in a situation where they need someone to have authority to make financial decisions on their behalf. For example, in the event of ill health, immobility, mental incapacity and many other various reasons, it may be necessary to have someone you trust make financial decisions on your behalf.
Time is of the essence when it comes to having an Enduring Power of Attorney. Where one loses mental capacity without having an Enduring Power of Attorney in place, the decision of who will be in charge of their finances will be left to the State Tribunal. It is therefore important to be pro-active in providing such authorisation to a loved one whilst one is still capable of doing so.
At Marsh Legal, our team of experienced lawyers will advise you on all the ins and outs of having an Enduring Power of Attorney and set up one for you that suits your specific needs.
ENDURING POWER OF GUARDIANSHIP
This legal document appoints someone you trust to make personal and lifestyle decisions for you. When you make an Enduring power of Guardianship, your chosen Guardian can make decisions on your behalf such as where you live and who you will leave with.
Why it is important to have an Enduring Power of Guardianship?
It is important to have an Enduring Power of Guardianship because having one puts the decision making power in your hands. When you make an Enduring Powers of Guardianship, you have the independence and choice to decide who you wish to entrust with the power to make lifestyle choices for you at a time that you may not be able to do so.
Time is of the essence when it comes to having an Enduring Power of Guardianship. Should something happen to your mental capacity without having an Enduring Power of Guardianship in place, the decision of who will be your Guardian is left to the State Tribunal. It is therefore important to be pro-active in providing such authorisation to who want whilst you still can.
At Marsh Legal, our team of experienced lawyers will advise you on all the ins and outs of having an Enduring Power of Guardianship and set up one for you.
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