mrn-banner-mountain-06
white-space
white-space
Wills & Power of Attorney
white-space
white-space
What is a Will?
mrn-willspower
A Will comes into effect after your death and can ensure your wishes are met after you are gone.
white-space
Your Last Will and Testament is a very important document and outlines where and how your possessions and estate are distributed after your death. If you die without a will, you are considered to have died “intestate” and the distribution outlined in the current law will be followed to wind up your estate and distribute your assets.
 
white-space
Your Will can ensure that your estate is distributed and your loved ones are looked after as per your wishes. Your Will gives authority to your named Executor/Trustee to wind up your affairs and distribute your assets. Your Executor/Trustee should be someone who is able to manage the many tasks associated with winding up your estate. This will include paying off your debts and funeral expenses, compiling a list of assets and liabilities, contacting beneficiaries, selling assets, preparing your final tax return, and distributing your estate as described in your Will.
white-space
What is a Power of Attorney?
A Power of Attorney is a document where an adult names someone as their “Attorney” and gives them power to look after the financial affairs of the adult. The Power of Attorney can be specific to a certain task, ie. sale of a property while the adult is out of the country, or can be specific to a time period, ie. valid only for one year. A General Power of Attorney is valid during the lifetime of the adult, or until it is revoked.
white-space
A Notary Public is trained and legally authorized to prepare Wills and Powers of Attorney.