Life’s essentials: White Fox & Jones
Now is the time to review your will and enduring power of attorney.
It’s not something that we like to think about, but having an up-to-date will is as important as renewing your home insurance policy.
We cannot predict when the worst might happen, and without a will the Administration Act 1969 dictates asset distribution that may not align with your wishes.
This may result in a lengthy, complex, and costly ordeal for your loved ones. My advice is to review your will every five years. Many significant life events can happen within that timeframe, and they may have an impact on how you intend to distribute your assets.
The key is to prepare your will for the present – there’s no point anticipating what your assets or wishes will be in 10 years from now. The good news is that the team at White Fox & Jones are specialists in this area, and make the process of updating your will very straightforward.
While wills focus on what happens after you have passed, an enduring power of attorney (EPA) provides reassurance while you’re still here.
If you were to lose capacity through an accident or illness, well-prepared EPAs ensure someone can step in to act on your behalf. Many assume family can make decisions about care or finances for you, but without an EPA this is not the case.
Whatever your life stage, an up-to-date EPA and will are essential documents that provide peace of mind for you and for your family while you’re here, and when you’re not. Give me a call to discuss your needs.
