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Estate Planning
MCG Lawyers can help you with your Estate Planning which covers a wide range of issues. Having a Will is a start. Your affairs should be structured in such a way as to best benefit your beneficiaries and minimise any taxation ramifications. Your Estate Plan should be simple and provide a suitable balance between enjoyment of property and income during your life and the creation and preservation of capital for your family or other beneficiaries on your death. It should also be flexible enough to be able to cope with unforeseeable changes in the law or your circumstances.
Wills
While there is awareness of the necessity of making a will many people put it off thinking that it is too hard or a bad omen. Making a will doesn’t need to be difficult. The cumulative experience gained by the team at MCG Lawyers makes making your last Will and Testament easy. Whether it is a Will for a single person or married couple we are able provide you with the expertise you require. The same expertise applies if your requirements extend to Testamentary Trusts or if there are other issues which need to be addressed in the course of your estate planning.
Powers of Attorney
Most people are aware of what a Will is and the need to have one. Just as important in planning for your future is a Power of Attorney. An attorney can make decisions on your behalf in relation to financial matters and is entitled to act in your name in relation to financial transactions. Whilst a Power of Attorney usually commences to be effective immediately it is signed, the document is of greater importance if one becomes incapacitated or otherwise incapable of making informed decisions.
Enduring Guardianships
Enduring Guardianships are different to Enduring Powers of Attorney. A Power of Attorney allows your attorney to make financial decisions on your behalf whereas an Enduring Guardian can make personal and lifestyle decisions. Enduring Guardianship involves the appointment of a substitute decision-maker, and may ensure that you have a degree of protection and financial security if the need arises. An enduring guardianship will only commence if the person making the appointment loses the capacity to make these decisions on their own.
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