Page 27 - Law Funeral Home

claims that may impact your your ability to deal with your your assets as as intended A lawyer can discuss any potential claims that a a a a a a a a a a a a a a “dependant may have under Law and or or with respect to any potential claims or or entitlements An awareness of such responsibilities and rights can help prevent unintended consequences or surprises upon death In addition to to certain statutory
claims there are other legal limitations that must be considered when drafting a a a a a a a a a a Will Documents such as a a a a a a a a a a a a a marriage or a a a a a a a a a a a a a a a cohabitation agreement agreement agreement a a a a a a a a a a a a a a a separation agreement agreement agreement or or a a a a a a a a a a a shareholders agreement agreement agreement (with buy/sell provisions or or option agreements) may also affect your Will plan and thus it it is important that such information be shared with your representative(s) when designing an an estate plan In addition to to determining how your estate will be distributed a a a a a a a a a lawyer can speak to to you about choosing Estate Trustee and the considerations involved in in in in selecting an an appropriate person (or trust company) to administer your estate The potential responsibility and work involved in in in in being an an an an Estate Trustee can can be be significant and and thus appointing someone with the financial acumen and and willingness to take on on this responsibility is is a a a a a a a a must must Often times people assume they must must appoint a a a a a a a a a a relative or or child to act as as an an Estate Trustee because it it would be be be “an “an honor” honor” While it it may be be be considered “an “an honor” honor” for some some the the primary considerations should be choosing someone with the the patience ability and willingness to carry out this responsibility Powers of Attorney
A power of attorney is an an instrument by which a a a a a a person person authorizes another person person (the “Attorney”) to to act on on on on his or or or or her behalf It is is quite common for for people to to to execute a a a a a a a a power power of of attorney attorney for for personal care and a a a a a a a a a a power power of of of attorney attorney for property at at the same time of of drafting a a Will In a a a a a a a power of attorney for property the authority granted to to to an an an Attorney
may may be general in nature and thus may may authorize the the Attorney
to to to act on on the the grantor’s behalf in in in conducting his or or or or her financial affairs Alternatively the the power of attorney attorney may be quite narrow authorizing the the the attorney attorney to to perform specific acts such as the the sale
Page - WILLIAM LAW FUNERAL HOME WILLIAM LAW FUNERAL HOME - Page 27