Wills & Probate
The Value of a Will
Far too often the value of a will is underestimated. Many individuals don’t bother considering a will often saying that they are too young or that wills are for older people. The reality is that if you have family and assets, you should have a will to determine who receives those assets and in what proportions. For peace of mind contact us today and arrange an appointment to prepare your will.
Once a person has passed away the executor is responsible for obtaining a Grant of Probate. Probate is the process by which a will is proven in Court. Once the will is proven and probate is granted, the Executor or Executrix can begin to divide the assets amongst the benificiaries. However sometimes disputes arise amongst the beneficiaries as to each other's entitlements particularly in the event where some of those beneficiaries are holding assets on trust for the deceased. Mersal & Associates can assist, advise and act in obtaining a grant of Probate.
Power of Attorney
Often with elder members of the community a will is only part of ensuring that they and their wishes are properly managed. As we mature in life it becomes more and more important to take care of other matters such as financial and health related issues. A Power of Attorney is a grant of authority that permits another person to make financial decisions on your behalf. So if for example you are unable to pay the electricity bill because you are away or in hospital or lack mobility, you can grant authority to another person to pay the bill on your behalf.
For elder members of the community it also is important that a “trusted” friend or relative hold an Enduring Guardianship. This will permit that person to make decisions about your health and welfare but only when you are unable to do so for yourself. It should be noted that a Power of Attorney does not provide the authority to make these decisions.