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Since the spread of COVID-19 around the globe, and social distancing becoming the new normal, perhaps you are now more aware and conscious of the need to safeguard the future of your loved ones. Is making a Will, and Powers of Attorney your top priority? Contact us to learn more about how we can help.
Do you need a Will?
Any person who has assets, including cash, investments, RRSPs, TFSA, jewelry, furniture fixture, including pets, needs a Will to properly administer the division of his/her property upon death.
If you die without a Will, or with an improper Will, your estate will be divided “intestate”, that is in a manner the government decides how your estate is to be divided on a formula by legislature control, and not in a manner you could control or wish for. In addition, your estate becomes subject to paying probate taxes.
Do you need a Power of Attorney?
A Power of Attorney will allow your chosen individual to act in a fiduciary fashion, in a manner only considering your best interests in relation to your care, which includes medical decisions, property, and finances. When you do not have a Power of Attorney, and you become incapable of managing your Personal Care and Property, you are required to get a guardianship Order, by a supervised court process, which is a complex and costly legal process.
Contact JEWELL RADIMISIS JORGE LLP,and allow us to assist in reducing your anxiety, and stress in these trying times.