Wills and Powers of Attorney Introductory Guide
My experience is that many people put off making Wills and Powers of Attorney. I believe that this is a mistake. Having updated Wills and Powers of Attorney will give you “peace of mind” knowing that your personal affairs are in order for you and your family’s benefit.
To help you understand Wills and Powers of Attorney, I have put together the next 5 articles which provide an overview and answer frequently asked questions. The articles are not substitutes for legal advice, they are for general information. It is advisable that you read these articles prior to your appointment.
- Reasons for Making a Will what a will is, why it’s needed and what happens without one.
- Continuing Powers of Attorney for Property (CPAP) what is a CPAP, why have one, what it covers and when it ends.
- Personal Care Power of Attorney(PCPA) what is a PCPA, why have one, what it covers and when it ends.
- Estate Planning for Average Canadian the many principles of estate planning that the average Canadian should be aware of. Addresses many issues relating to end of life decisions and the transfer of assets.
- Definitions – Will & Powers of Attorney glossary of legal terms.
Before your consultation, I would ask you to complete the Will and Powers of Attorney Asset Information Form and Will Questionnaire Form, links are found below in the Quick Guide to Forms. These forms also serve as a record that may help your executor in administering your estate. Of course, all information regarding your assets is strictly confidential.
Quick Guide to Other Will and Power of Attorney Articles
- What Happens at the First Wills Appointment – topics covered in detail.
- Wills Procedure – during the Will appointment.
- Purposes & Plain Meaning of Clauses in a Will – clauses such as revocation, perpetuity and accumulation are explained.
- Reviewing Your Will & Powers of Attorney – outlines the situations that require changes to your Will or Powers of Attorney.
- Changing Your Will – covers how to change your will, codicils, problems if it is not done correctly and what happens if you marry or divorce.
- Reasons for Changing Your Will – outlines the main areas and situations which prompt a need to change your will or Powers of Attorney.
- Storage of Wills and Powers of Attorney – suggestions for safekeeping.
Quick Guide to Forms
- Will Questionnaire – personal particulars and proposed executors.
- Personal Care Power of Attorney Questionnaire – basic details required from the client.
- Continuing Power of Attorney for Property Questionnaire – basic details required from the client
- Asset Information Form – list of financial records – investments, loan, insurance, etc.