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 How to plan your estate? A will is not enough 

  • October 18, 2023

Home " Legal Blog " Wills and Deceased Estate Administration "  How to plan your estate? A will is not enough 

How to plan your estate? A will is not enough

Comprehensive Planning Considerations When drafting a will, it is beneficial to think beyond the distribution of assets. Delve into arrangements such as appointing an authorised agent and choosing the person who will make healthcare decisions on your behalf. Authorised Agent Explained An authorised agent is a key legal tool that gives an individual of your choice the power to oversee specific aspects, such as financial affairs or personal choices, especially if you are unable to make these decisions on your own. Appointing a Medical Treatment Decision Maker In situations where you may not be able to express your medical preferences, it is advisable to appoint a trusted person to make medical decisions for you. Depending on your arrangements, this person can act solely in your best interests or can co-operate with you in making decisions. Advance care directives: defining future medical care Another key document is the advance care directive. Here, you can specify specific medical treatments that you would like to receive or avoid in the future. This directive serves as a guide for healthcare professionals and your designated decision makers, ensuring that they follow your wishes in most cases. Seeking Guidance and More Information For a deeper understanding of authorised agents and the medical decision-making process, our law firm of Hing Wai Choi & Co. offers valuable resources and insights. Doing this preparation today can ensure that your choices are honoured and streamline the process for future loved ones. Pleaseclick hereLearn more, orContact UsOffice. Address Level 2, 262 Queen Street, Melbourne 3000, Phone 96023988

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