Simple Wills
Ellison Moschella
& Co has been helping clients produce their Wills for over 80 years. For those with straightforward family structures and simple financial arrangements
we can assist you to prepare your Will, often in conjunction with an Enduring Power
of Attorney, for a quoted price. A properly drafted will
helps ensure that your wishes are carried out and that your loved ones are properly
looked after in the future.
Complex Wills
The modern world continues to grow in complexity. The family structures and financial arrangements of the past have given way to diverse and more complex
arrangements. Accordingly the process of drafting Wills has become equally complex for those with significant financial
interests, unusual family structures or the like.
You should consider detailed
estate planning where your estate is likely to be large, you have interests involved
in private companies or trusts, or where there are tax implications with your estate or with
your beneficiaries.
If you wish to protect your estate to ensure that it remains with your intended
beneficiaries you should consider establishing a Testamentary Trust Will.
Powers of Attorney
What is a power of attorney?
There are two types of power
of attorney—a general power of attorney and an enduring power of attorney. A general
power of attorney is given to someone to make financial decisions on your behalf
(e.g. if you are overseas and need someone else to sell your house, pay your bills
etc). An enduring power of attorney is put in place in the event something happens to you (such as illness or accident)
to allow someone else to make health and financial decisions on your behalf.
What happens if I don’t have an enduring power of attorney?
In short the government Adult Guardian and Public
Trustee will be appointed to manage your affairs regardless of whether you have
family members willing to make decisions for you or not. Whilst the adult guardian
can take into account your previous expressed wishes and wishes of your family it
is not bound to do so. Either a general or an enduring power of attorney involves a formal agreement giving someone else the power to make
decisions on your behalf. Creating a power of attorney is not complicated and involves
the following steps:
- signing a form giving power
of attorney to someone of your choice;
- specifying the types of
decisions that the person you choose (your attorney) will make on your behalf; and
- your attorney consenting to
the appointment by signing the acceptance section of the form.
Your attorney can then act
on your behalf if necessary.
The decisions that your
attorney makes for you have the same legal force as if you had made them yourself. Often in conjunction
with a simple Will, Ellison Moschella & Co can assist you in preparing and finalizing
your Enduring Powers of Attorney for a quoted price.
Advanced Health Directives
An Advanced Health Directive is a document by which you give instructions to certain people concerning your future
health care. It only comes into effect
if you are unable to make your own decisions. Specifically it has the advantage of allowing you to give directions concerning
ongoing life support and treatment where there are terminal incurable or irreversible
illnesses.
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