It is that time of year when the well-intentioned New Year's resolutions are starting to already slip – exercising more, eating healthily, creating a work life balance to name but a few. One important thing that everyone should do however is get their personal affairs in place, especially with regards to making a Will.
Putting your wishes in black and white is not complicated, nor expensive. Making a Will allows you to express your final wishes clearly, and without one you are leaving it up to the law to decide how your estate (your money, possessions and property) is passed on – and this may not be the way you wanted it. While death, and our treatment until death, can be a difficult topic to think about, it is important to consider making your wishes known now in the event that you cannot make them later.
Some areas to consider:
In addition to a Will, it is very important to also have a Power of Attorney (POA) in place. A POA is an important legal document which allows you to grant the people you trust ‘power ‘ to make important decisions for you if you are unable to do so yourself in the future in the event of an illness or accident that leaves you without capacity to make these decisions at the time. Incapacity can happen to any of us, at any time, unexpectedly through illness (such as dementia) or an accident.
Get in touch with McDougall McQueen today to discuss your personal affairs. Don't leave it too late.