A Will, also called a “Last Will and Testament” is a legal document that states your final wishes. In other words, a Will is the document where you state who will be the Estate Trustee, ‘who receives what’ of your estate (ie. your assets), and who will have temporary guardianship of your minor children.
A Will is one of the most important documents every adult should have.
Powers of Attorney
Powers of Attorney are legal documents that delegate your decision making authority to someone else.
There are two kinds: (1) a Power of Attorney for Property that deals with decisions relating to your finances, property, and real estate; and (2) a Power of Attorney for Personal Care that deals with health care decisions.
An Estate Administration is what we call finalizing a person’s affairs after they pass away. Generally, an Estate Administration is completed in four stages: (1) Initial and Basic Matters; (2) Inventory and Custody of Assets; (3) Payment of Debts; and (4) Distribution to beneficiaries. If the deceased has a Will, this process involves carrying out their wishes, as stated in their Will. If the deceased didn’t have a Will, then we follow the distribution rules set out in the law. In either case, you may need to get a Certificate of Appointment of Estate Trustee.
Shanti Estate Law can assist with getting a Certificate of Appointment of Estate Trustee and/or with other aspects of an Estate Administration.
**House calls, as well as evening or weekend appointments are available to fit your schedule.