Frequently Asked Questions About Your Rights in Criminal & Traffic Law
Know your rights when it comes to police matters. We’ve compiled a list of commonly asked questions and answers to give you the straight facts. Our goal is to provide accurate legal advice when you need it most. Contact us today for a free telephone consultation or to make an appointment with Spencer Lawyers in Gosford.
We know there’s a lot of legal jargon around wills, and at Spencer Lawyers, we’ll do our best to make the process as clear and simple as possible for you when creating your will.
To get started, here’s a round up of some of the terms you’ll come across when you come to see us so that you can be familiar with these phrases and lessen your stress when discussing your will in detail.
- Estate – everything you own upon your death
- Executor – the person who makes sure everything is distributed as you wish, according to your will
- Beneficiary – people who are given a share of your estate
- Residue – what is left after debts and costs are paid
- Intestate – dying without leaving a will
There are many more terms and phrases that you’ll hear when you are creating a will, and at Spencer Lawyers, we’re always happy to answer your questions and assist you to understand the finer details.
There are three different types of power of attorney to consider in New South Wales, including:
Enduring power of attorney: This is when you appoint someone else (usually a legal representative or a family member) to make financial decisions and property-related choices in case you become incapacitated to the point where you are unable to make these kinds of decisions for yourself anymore.
Enduring power of guardianship: Another situation where you appoint a legal representative or family member, although in this case, it is to make medical and lifestyle decisions if you become unable to do so yourself. This can include decisions on health services and accommodation providers like nursing homes.
Advance health directive: You can make decisions on your future healthcare if you become unable to make those decisions for yourself anymore. This can include minor treatments like dental care to large decisions like refusal of medical intervention.
Any Central Coast resident who is aged 18 or over and has the capacity to make health and financial decisions for themselves can appoint a power of attorney. Unfortunately, medical conditions as we age can rob us of the ability to make these decisions later in life. By appointing a power of attorney in advance, you can be sure your health and financial wishes are adhered to.
You are allowed to nominate a single person for the power of attorney or two people that can make these decisions on your behalf individually or collectively. For the power of guardianship, you can also appoint two people, but they will have to make these decisions together.
It is important that you choose somebody (or multiple people) that you can trust. We also advise you to speak to your family about your decision before seeking legal advice from a will lawyer. This will help reduce any undue stress or complications in the future.
Speak to our will lawyers on the Central Coast about your wishes and we can advise you on the best course of action and provide the right legal documents to ensure your wishes are carried out as best as possible.
To begin making your will, you will need to have the necessary documents at hand to pass on to your solicitor. This can include your birth certificate, marriage/divorce certificates, mortgage information/deeds to your property, insurance information and details of your banks/saving accounts. Having these ready prior to meeting with your will solicitor can help to speed up the process.
The process will involve naming an executor, a guardian to any dependents and your beneficiaries. You should clearly outline how you would like your assets to be divided upon your passing – whether this is in percentages or specified amounts.
In order for your will to be valid, it must be signed clearly under the witness of two eligible people. Your witnesses will also sign your will. To be eligible, they must be over 18 and can’t be beneficiaries of the will.
Below, we have created a checklist of things to consider when planning your will. A wills solicitor is a legal professional and can assist you with all of the details of the document, however, it helps to know:
- What wishes you have for your funeral
- Who you would like to be the executor of your will
- Who you would like to inherit your finances
- Who you would like to care for your children
- If you want to bequest particular possessions
- Whether you would like to assign a power of attorney