Wills, POA and Trusts
Wills:
Your voice after you pass away.
Having a written will in order to ensure that the beneficiaries you choose will receive your property with the least amount of legal complications.
Ensure all of your beneficiary designations for your registered savings and pensions are up-to-date.
Power Of Attorney:
Your voice for property, legal and financial decisions.
Having a power of attorney so it is clear who will have the authority to make financial, legal and property decisions if you are not able to due to sickness or accident.
Testamentary Trust(s):
A trust that is created within a will and goes into effect upon an individual’s death. It is commonly used when someone wants to leave assets to a beneficiary, but doesn’t want the beneficiary to receive those assets until a specified time.
Living Trust:
A separate entity created to administer your assets and estate, separate from you and/or your family.
Health Care Agreement/Advanced Directive:
Having a Living Will (Health Care Directive) which will contain your written instructions about what level of medical treatment you want in the event that you are unable to express your wishes verbally. This would relieve your family from having to make a hard decision when it comes to the question of what is best for you in unfortunate health circumstances.
This can be setup with no cost using the document My Voice Advance Care Planning Guide
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