Wills are an essential document to be written before death. Without a will, your assets may not necessarily end up going to the people you thought they would.Dying without one may mean your assets will be distributed against your wishes. If you don’t make a will, the government decides who inherits your estate according to the statutory laws of intestacy under the Succession Law Reform Act. This means you no longer get to choose who benefits from your estate upon your death.

At Law Office of SNOBER NAZ, we put together few questions about Powers of Attorney for Property. These include,

What is a Power of Attorney?

Do I need two Powers of Attorney?

Can a Power of Attorney be used after death?

One of the most important things you can do during your lifetime is to secure the future of your loved ones by drafting a will. Every adult should have a will to protect their estate and provide for those they care about.

By making a will, you have the opportunity to make important decisions about what will happen to your money and property when you die.

Our principal areas of work cover advising clients of their options, initial will drafting and trust setups, estate planning advice, right through to inheritance tax planning, lasting power of attorney and elderly client affairs.

Important, preliminary decisions must be made in preparation for completion of your Will:

• Who will act as your Estate’s Executor and Alternate Executor?
• How do you wish the assets of your Estate to be distributed or divided?
• Are there any important items you wish to make special provision for?
• Do you have any assets that will require specific planning or management?
• If you have children, who will be named as their guardian(s)?
• If minors may become beneficiaries under your Will, at what age(s) do you wish that your bequests be granted to them?