Estate Planning, Wills & Power of Attorneys

Wills

The written document that describes the distribution of estate after the death of its owner is termed as Will. It defines how the property should be taken care of and distributed among the specific people described by the demised person.

Explaining estate, it is a property that was owned by the deceased person. It is a unified term that includes variety of assets left by the demised person.

Defining trust, it is specifically created to hold property and assets until the final distribution to the deserving beneficiaries. The person who manages the trust is called trustee. He/she has an obligation to protect the property until it is rightfully distributed to the defined beneficiaries according to the law.

Estate Planning

Amity Law Professional Corp. can help you to do the right estate planning that involves transfer of assets and other personal matters. We can help you to prepare the wills, trusts and power of attorneys as per the standard procedures of law.

Power of Attorneys

Being a trustee, if something happens to you, then there should be another person who can take care of the things on your behalf. A Power of Attorney is a legal document that describes the name of a person who is obliged to take care of the trust in case of your demise or absence.

There are two types of Power of Attorneys:

Power of Attorney for Personal Care

This term is used for that person who has been given the authority to make decisions about your health care and other personal matters in the case of your mental instability.

Power of Attorney for Property

This term is used for that person who has been authorized to make decisions about your financial matters including bills payment, home selling, managing investment and others in the case of your mental instability.

Amity Law Professional Corp. can help you to understand how to make a Power of Attorney and transfer decision rights if something happens to you. Generally, a family member have always the right to come forward and take care of your personal matters during extreme unfortunate circumstances. Meanwhile, a close friend who is highly trusted can also take the ownership in your absence by applying to the court.

If you want to learn more about how transfer rights to the Power of Attorney, consult our lawyer today. We will help you to understand all the obligations defined in this process.

Make sure to finalize your wills and power of attorney at the earliest, because if you don’t – the government will take its decisions!

It should be noted that if you die without a will or you don’t have a power of attorney in case of any mental incapability, the government will automatically act to take care of your property.

So, make sure to prepare these two documents to avoid any unwanted circumstances in case of your death. If you will not prepare these documents timely, your spouse or rightful heirs can suffer with no legal rights on the property.

Please note that even with a power of attorney, any public trustee could come into play to intervene or force the decisions in your absence. However, if you will have a more stronger legal power of attorney, then your loved ones could easily get rid of this situation as well.

Wills

Estate Planning, Wills & Power of Attorneys

Wills

Estate Planning

Power of Attorneys

There are two types of Power of Attorneys:

Make sure to finalize your wills and power of attorney at the earliest, because if you don’t – the government will take its decisions!

*Please note that even with a power of attorney, any public trustee could come into play to intervene or force the decisions in your absence. However, if you will have a more stronger legal power of attorney, then your loved ones could easily get rid of this situation as well.*

Please note that even with a power of attorney, any public trustee could come into play to intervene or force the decisions in your absence. However, if you will have a more stronger legal power of attorney, then your loved ones could easily get rid of this situation as well.