Every person should have a Will, Power of Lawyer and a Personal Instruction. A Will establishes who shall administer your estate (your property and legal rights) and can determine who will be given your estate when you perish. If you have a big estate, with a extensive range of complex property, you may need complex estate organizing with a tax attorney, but if your properties is mostly made up of your house, your bank accounts and your stock account and you simply plan to transfer your estate to your partner and children, then you possibly only need a basic Will.
A Power of Attorney is the exchange of power to make judgements with regards to financial matters from one person to another. A Power of Attorney can switch the choice making power straight away, or, more frequently, it transfers the decision making power only after the person transferring the power turns into incapable of making decisions for himself/herself due to mental inability. The Power of Attorney decides who will get the decision making power, within what situations the person will receive the decision making power and who will decide if the circumstances have been met. An example of when a Power of Attorney is advantageous is if a individual becomes emotionally incapacitated and it turns into necessary to sell his/her house. Since the person is mentally incapacitated, they cannot sign the real estate deal, so he/she would need a Power of Attorney to sign the legal papers.
A Personal Directive transfers power to make non-financial choices from one person to another person. As opposed to a Power of Attorney which transfers decision making over financial concerns, a Personal Directive is applicable to personal options, such as health care, medical decisions and living arrangements. A Personal Directive comes into force when the individual creating the Personal Directive becomes mentally incapacitated and incapable to make selections by themselves. A Personal Directive decides who will acquire the decision making power, under what conditions the person will obtain the decision making power and who will make a decision when the instances have been met. For instance of when a Personal Directive is advantageous is if a person can no longer live at home and demands to be moved to a Senior’s home or when a person endures a medical emergency and a decision needs to be made about medical treatment.
Our service fees for these services are:
| Single | Husband and Wife | |
|---|---|---|
| Preparation of a Basic Will: | $300 | $500 |
| Enduring Power of Attorney | $150 | $250 |
| Personal Directive | $150 | $250 |
| Basic Will, Power of Attorney and Personal Directive for one person: | $550 | $1000 |