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Last Will and Testament
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What is a Will?
A Will or Testament is a legal document that allows a person to record his or her wishes as to how their property will be distributed upon death. A Will also names one or more individuals as executors to manage the estate until its final distribution to the beneficiaries.
An executor is the individual charged with carrying out the terms of the will.
A beneficiary is an individual or other legal entity who receives money or other benefits from a benefactor.
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You are about take a great step and you are just one step away from hiring a professional to help you with writing your last will and testament. It is the best way to make sure that the things you own end up in the right hands after your death.
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What is Enduring Power of Attorney?
An Enduring Power of Attorney or EPOA is best described as your living Will. It takes effect when you are no longer capable of making decisions on your own. Your EPOA has total control over your assets and able to make personal decisions about your health care and accommodation when you cannot do so. An EPOA ends when you pass away.
This legal document allows you to outline your decisions about accepting or refusing health care treatments directly to a health care provider when it comes to life support or life-prolonging medical interventions. This document can be provided in advance, so that your medical team can be made aware of your wishes.
The Personal Advance Directive must be followed when it mentions the health care decision needed at the time. Therefore, no one will be asked to make a decision on your behalf.