Making these kinds of plans is an ongoing process. As your life situation changes, children grow, you reach retirement age, or if it is time to pass the family farm or business onto the next generation, your estate plans also need to change.
Your Last Will & Testament should reflect your current wishes and be carefully drafted to limit challenges being made against your Estate.
Of equal importance is a current:
Power of Attorney – appointing who you would like to make financial decisions on your behalf whilst you are alive, whether it be as a result of a physical or mental incapacity or you are simply on an overseas holiday and need someone to ‘hold the fort’ at home; and,
Enduring Guardian – appointing someone to make decisions on your behalf regarding your health and future care should you not be in a position to do so.
If your ducks aren’t in a row or perhaps need tweaking call us today.