When it comes to death and dying, there is nothing more important than having your legal affairs in order if you care and want to prevent a disaster. Most people misunderstand and mistrust lawyers in estate planning. The role of lawyers are to protect your assets and wishes against unwanted guests at your table when you are no longer able to be there to defend yourself.
We don’t mean to be harsh; most people are kind and considerate, but there are always those who seek personal gain from another’s loss. It is at the time of death and during bereavement, when people are most vulnerable, that the vultures gather. If you have assets worth a dime, they will be ready to collect, it’s what they do, they do not care.
There are a number of important things to consider in estate planning. We recommend a professional legal opinion to communicate your wishes with crystal clear clarity so that there can be no uncertainty about your wishes and desires when you are no longer there.
We have heard too many terrible stories about defenceless people who are left destitute because of poor estate planning. Please don’t let this happen, speak to an independent professional today.
We trust the team at McColm Matsinger Lawyers.
If you have had a good experience, or even a bad experience, when managing your legal and financial matters, please share it with us.
6 Things You Must Know About Making A Will
At the age of 18 you should have a Will. This is often an emotionally difficult decision because it forces us to consider our mortality. While we cannot live forever, we can, by good estate planning, protect our assets for our loved ones.
Superannuation & Death
Because your Superannuation is your nest egg, some of it will still be there when you die.
The last two decades have seen a monumental change in the role of Superannuation in the lives of most Australians. Public education and the need for us to provide for self-retirement and compulsory employer superannuation levies have contributed greatly to this massive change. It can be complicated so get advice, good advice, from a professional.
What You Must Know About Powers Of Attorney
A Power of Attorney is a legal document authorising another person to make decisions on your behalf.
There are two types of Power of Attorney (General or Enduring) but if you are appointing the same persons to act in financial as well as personal/health matters, then you need only one—an Enduring Power of Attorney.
Any Power of Attorney ceases to have effect when the giver of the Power of Attorney dies. At that time the deceased person’s Will takes effect.