There are various options available to help reduce taxes paid on your estate and to simplify and expedite the transition of your assets to your beneficiaries, and to protect the interests of those beneficiaries. Many potential issues can be dealt with simply through properly prepared documents such as your Last Will and Testament, Power of Attorney, Representation Agreement and Living Will. We at Manning Notaries can fully explain all options and implications related to Estate Planning, so that you can make a well informed decision about what would be best for you.
Last Will and Testament
A Last Will and Testament document, when properly drafted and executed, according to the provisions of the Wills Act, allows you to direct how you would like your property and assets to be distributed after your death. For parents with minor children, a Last Will and Testament can direct who will care for the children and who will make financial decisions for them until they are old enough to manage their own affairs. There are many important factors to consider when drafting your Will. Manning Notaries will go through every detail with you and draft your Will according to your wishes. Will kits are available in many stationary stores, however, the best way to ensure that your Will is valid is to ask Manning Notaries to prepare it for you.
Power of Attorney
A Power of Attorney document legally allows a person (donor) to authorize a chosen person (attorney) to do anything that they may legally do, with respect to particular financial and legal matters, on their behalf. A Power of Attorney may be for a specific purpose such as selling a home while you are unavailable to sign, or it may be a general document giving the attorney authorization to do anything on your behalf, that you may legally do. There are many important factors to consider when giving Power of Attorney to another person. At Manning Notaries, we will go through every detail and explain possible implications to you before drafting your Power of Attorney.
If you have any questions about Last Will and Testament Preparation or Powers of Attorney or any other aspects of Estate Planning, please do not hesitate to contact Manning Notaries by phone, email or visit us at our downtown Prince George office today.