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The 5 vital legal documents for planning your estate

A Will

A Will is a legal document that enables you to determine how your ‘estate’ is to be distributed after your death. This includes your money, property, shares, investments and possessions. Having a valid Will means that you decide how you want your assets to be distributed instead of leaving it to chance.

Enduring Power of Attorney

An Enduring Power of Attorney is a legal document that allows you to nominate one or more persons (referred to as an Attorney or Attorneys) to act on your behalf for legal, financial and personal decisions. This can start when you decide and continues to be effective if you lose the ability to make your own decisions.

Advance Care Directive

This is a document that enables you to record your wishes for medical treatment. By completing an Advance Care Directive you can tell your Medical Treatment Decision Maker what medical treatment you want (or don't want) in the case of an emergency.

Medical Treatment Decision Maker

More and more people want to plan for their future medical treatment in case they are no longer able to make their own decisions due to illness or injury.

Appointing a person to make 'medical treatment decisions' allows this nominated person to decide for you if you are not able to make medical decisions yourself. 

Statement of Wishes

A Statement of Wishes is a separate document to your Will. A Statement of Wishes is not binding but can assist your executors when it comes time to administer your estate. It might include your funeral instructions or your wishes about the distribution of sentimental belongings. At Maurice Blackburn, we keep your Statement of Wishes with your Will in secure storage so that executors have everything they need.

 

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Our Canberra office is now closed, but our team continues to serve ACT clients and are available for phone and video appointments. If you need legal advice, please call us on 1800 675 346.

We have lawyers who specialise in a range of legal claims who travel to Tasmania. If you need a lawyer in Hobart, Launceston or elsewhere in Tasmania, please call us on 1800 675 346.