Taylor & Scott Wills & Estates

When Should I Consider Updating My Will?

You should review your Will regularly. It may be that your circumstances have changed and your Will no longer suits your circumstances. It is recommended you consider updating or restructuring your Will in the following circumstances: Where there have been changes to your asset pool or the nature of your assets; Changes to any of…

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Power of Attorney And Enduring Power of Attorney

A Power of Attorney is a legal document in which you appoint the person of your choice to manage your assets and financial affairs while you are alive. In some circumstances a Power of Attorney is used when you are travelling overseas and want to give your attorney access to your bank accounts to pay…

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Binding financial agreements

The Need For A Power Of Attorney Or Enduring Guardianship

Most people may have a will, or at least recognise its importance, however a Will only has effect when you have passed away. An Enduring Power of Attorney and Enduring Guardianship are sometimes misunderstood documents. These documents allow for you to appoint someone who can manage your financial and lifestyle affairs while you are alive….

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What Can Happen If I Don’t Have A Power Of Attorney?

Should you no longer be able to manage your financial affairs and you do not have an Enduring Power of Attorney, the Guardianship Tribunal may be requested to appoint a financial manager to make these decisions for you. This involves a formal hearing where evidence will be heard to assess if you have lost legal…

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