Who needs Estate Planning – Part 2

Posted on Apr 27, 2021 by Louise Neilson   |   Categories: Wills & Estates, Wills, Powers of Attorney & Enduring Guardianships

What is an Enduring Power of Attorney?

You can appoint a person as an Enduring Power of Attorney to manage your assets and finances if you are unable to do so yourself due to an accident, medical condition or your absence.

What is Enduring Guardianship?

An Enduring Guardian is someone you appoint to make lifestyle, health and medical decisions for you when you are not capable of doing this for yourself. Your Enduring Guardian may make decisions such as where you live, what services are provided to you at home and what medical treatment you receive.

An enduring guardianship may never come into effect. It is only required if you lose capacity. However, appointing an Enduring Guardian gives you security and peace of mind that if you are unable to make decisions for yourself, this can be done by someone you trust.

What is an Advanced Health (Care) Directive?

An Advanced Health Care Directive is a document which allows for you to plan for your future health care, for a time when you are not able to make your health care wishes known.  The process involves thinking about your values, beliefs and wishes about the type of health care you would like to have if you could not make your own decisions. It’s an end of life plan and can cover what procedures you may or may not wish to have performed on you when your end of life is near (such as life support, receiving palliative care ect).  It is best if Advance Care Planning happens earlier in life, when you are still well.  Ideally these conversations start when you are well and continue throughout your illness.

Estate Planning is all about making sure your wishes are followed and leaving a legacy to those you love.    Are you ready to have a chat about your legacy?  If so, please contact Louise and our Estate Planning team.