Wills, Estates, Trusts & EPA’s
Your Will is one of the most important documents you will ever sign. It gives directions as to what you want to happen with your assets when you die.
There are certain rules which establish what is a valid Will. As you will not be there to explain, it is also extremely important that your Will is concise and that there are no ambiguities or irregularities which could either invalidate it or require an application to the High Court for help with interpretation.
We can help you with all aspects of preparing your Will.
When a person dies somebody has to take over and assist in administering the estate. This will usually require an application to the High Court for Probate. Probate is the authority granted by the Court to an executor of a Will to enable them to proceed with carrying out the terms of the Will.
Where there is no Will then a member of the next of kin of the deceased needs to apply to the Court for permission to administer the estate in terms of the Administration Act 1969.
We have vast experience in all aspects of estate administration and can assist you to unravel even the most difficult questions of being an administrator of an estate.
Enduring Powers of Attorney
Who will help you if you have a sudden accident or illness which renders you incapable of making decisions for yourself?
Just as important as your Will is an Enduring Power of Attorney which will allow someone you have appointed to assist you in the event that you can no longer make business decisions yourself.
As equally important as preparing your Will while you are still hale and hearty, so also is setting up your Enduring Powers of Attorney. Do not leave it until too late, because there will quickly become a point where it is no longer possible to complete any legal documents. Once legal capacity is lost it will become considerably more complicated and expensive and an application to the Court may be required.
Talk to us about any questions or difficulties you may have.
Trusts have evolved since the Middle Ages when men went off to the Holy Land to fight in the Crusades and left instructions as to how their land and estates were to be administered and looked after in case of their early death.
Today Trusts are used for various reasons and to overcome certain difficulties, even though they can become a clumsy device. Strict rules have evolved over the years to govern their use.
We are here to help you understand the benefits and complications of using a Trust.