Wills & Power of Attorney

At Assiniboia Law Group, we understand the importance of planning for the future. Our dedicated team of legal professionals are committed to helping you navigate the complexities of Wills and Power of Attorney.

We specialize in drafting comprehensive wills that reflect your wishes and protect your assets. Our team also assists in establishing Power of Attorney, ensuring that your financial decisions are in trusted hands should you become unable to make these decisions yourself.

Our goal is to provide you with peace of mind, knowing that your wishes will be respected and your loved ones will be taken care of. We offer personalized legal advice tailored to your unique circumstances and needs.

Whether you’re creating a new will, updating an existing one, or setting up a power of attorney, we’re here to provide expert, compassionate legal support. Contact us today to schedule a consultation and learn how we can assist you in safeguarding your future.

Wills

Will planning is a crucial part of estate planning and involves several important considerations. Here are some key aspects that go into Will planning:
 
Identifying Key People: This includes your executor, any trustee, custodians or guardians of children or pets, an emergency financial representative or attorney for property, witnesses, and optional backups or substitutes
 
Allocating Your Estate: This involves deciding who gets what from your assets. It can also include legacy gifts, setting up scholarships, bursaries or charitable donations
 
Outlining Other Wishes:  This can include things like if you’d like your children to receive their inheritances only after a certain age, burial, cremation or funeral instructions, or even how you’d like your business to be carried on
 
Formalizing Your Wishes in Legal Documents: This involves creating your legal will, power of attorney, and burial and funeral documents
 
Planning in Advance: This helps to avoid potential oversights and urgency
 
Naming a Guardian for Minor Children: If you have minor children, it’s important to name a guardian for them in your will
 
Ensuring Executors and Trustees are Capable and Cooperative: The individuals you appoint to carry out your wishes need to be trustworthy and capable
 
Factoring in Your Beneficiaries’ Spouses: Consideration should be given to the impact of your decisions on your beneficiaries’ spouses
 
Considering Assets That Will Pass Outside of the Estate: Some assets might not be part of the estate and will pass directly to a named beneficiary

Power of Attorney

A Power of Attorney (POA) is a legal document that authorizes another person to make decisions on your behalf. The types of Power of Attorney can vary depending on the jurisdiction, but generally, there are four main types:
 
General Power of Attorney: This gives the attorney broad powers to act on your behalf for a variety of different matters, such as financial, legal, and personal affairs. It’s effective immediately upon signing and ends when you become mentally incapable or upon your death.
 
Limited or Specific Power of Attorney: This grants the attorney the power to act on your behalf for a limited purpose (e.g., sell a house) or for a specific period of time.
 
Enduring Power of Attorney: This type of POA remains in effect even if you become mentally incapacitated. It can be general or limited.
 
Springing Power of Attorney: This POA only comes into effect under certain circumstances that you specify, such as if you become mentally incapacitated.

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