Estate planning documents typically include:
- A Will to ensure that your estate is distributed in accordance with your wishes, and perhaps to outline directives for who will care for minor children.
- A Power of Attorney in which a trusted person is provided legal authority to handle your financial and legal affairs in the event of mental incapacity.
- A Representation Agreement in which a trusted person is provided legal authority to make decisions regarding your medical care in the event of mental incapacity.
- Advanced Directives in which written instructions are provided about the types of health care that you do or do not wish to receive in the future if you become incapable of expressing your wishes. Advanced directives are provided to the representative chosen under a Representation Agreement, so the representative can honour your known wishes.
- A Living Will which expresses your wish to die naturally without artificially prolonging the process (if that is indeed your wish), so your loved ones are not burdened with this very difficult decision.
- Trust Agreements in which property is transferred outside of a Will. Advantages include the ability to circumvent the probate process and its associated costs and delays, enhanced protection for those who are disabled, increased confidentiality, enhanced asset protection from creditors and wills variation claims, and flexibility in determining the method of future wealth distributions.
The Wills & Estate lawyers at Bronson Jones & Company LLP can help you to develop an estate plan that is tailored to your specific situation and wishes. Call us at 604-852-5100 or google www.bronsonco.com to see how we can help.