Every adult ought to have a professionally prepared Will. Your Will is a legal document that expresses your intention about the distribution of your Estate when you pass away.
What happens if you pass away without a valid Will:
If you pass away without a valid Will, South Australian laws will determine how your Estate will be distributed. This can mean that your valued possessions may not be distributed in accordance with your wishes and to people that you have little to no contact with. It can also cause delay, stress and expense to people you love.
By taking the time to have a Will drafted, you have the best control over who inherits your assets when you pass away.
Wills, Estates and Trusts are a complex and intricate area of law regardless of if you have a modest or large Estate. Contact ALS for a no obligation consultation. At ALS you can be assured that our senior solicitor Elena will exercise skill and attention to detail in the drafting of your Will minimising the risk that your estate will be distributed in a way that conflicts with your wishes.
Power of Attorney and Advance Care Directives
Every adult ought to have an Enduring Power of Attorney and an Advance Care Directive. This is a legally drafted document appointing a person that you trust to deal with or manage financial and property decisions on your behalf.
If you lose mental capacity, the law does not automatically provide your spouse or children with the right to make financial or legal decisions on your behalf. This could cause a dispute about decisions that may be critical to your health, well-being and quality of life.
Advance Care Directives replace Powers of Guardianship and Medical Powers of Attorney. It can specify your preferences for personal issues about to your medical care and welfare.
The benefits of such documents is paramount allowing someone that you trust to make decisions about your interests when you are no longer capable. In the absence of such documents, you run a real risk of people that may not have your best interests at heart being responsible for decisions critical to your life.
Contact our senior lawyer Elena for a no obligation discussion today.