With 2016 well and truly here and January done and dusted
resolutions may have been set, new systems in place and the journey
has started to achieve those milestones.
With the life plan in place it may also be a good time
to consider your 'legal health' and your plan for the New
Year in that regard. A quick legal health check for you may be to
turn your mind to the following:
Do you have a will?
Have you recently lost a family member, got married or has
another child arrived?
If so, is your current will up-to-date?
These are all events which may mean that you need to update your
Enduring Powers of Attorney
Do you have an Enduring Power of Attorney?
Do you know what this is?
In short, an Enduring Power of Attorney is a helpful document
which appoints an attorney to act for you in some situations. The
attorney can then conduct your business for you if you were unable
to (if for example you were physically or mentally
There are two forms of the document, one for your property and one
for your personal care and welfare.
Contrary to popular belief these are not documents for elderly
people. They can be a helpful document for any person. For example
someone who travels a lot, or for a couple who hold property in
their each of their names (ie separate bank accounts) but in some
situations would need to deal with their other halves property.
Does 2016 see you buying your first home, moving house, buying
a rental, or building your dream home (or any home or building for
If so it is best to get prepared sooner rather than later. Come
and talk to us about your plans so that we can make the transition
as seamless as possible for you.
Significant life changes
Are you moving into a different chapter of your life this year?
For example, selling or buying a business? Wanting to set up a
Trust? Passing the farm onto the children?
If so, the sooner obtain your legal advice the better so that we
can assist you with a smooth transition onto the next chapter of
your life, whatever that may be.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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To ensure that all possible problems are considered and addressed, the transactions must be appropriately documented.
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