What You Should Know About Wills and Powers of Attorney
It’s never too early to start thinking about planning for your future, and a crucial part of that planning involves creating a will or power of attorney (PoA). These legal documents are essential for ensuring your assets are distributed according to your wishes and that your health and financial affairs are taken care of if you’re unable to make decisions for yourself. In this blog, we will explain what wills and powers of attorney are, what you can do with them, and why you should work with wills and estate lawyers near you to prepare them. What Is a Will? A will is a legal document that outlines how you want your assets to be distributed after your death. Having a will is essential because, without one , your assets will be distributed according to the Succession Law Reform Act . If that happens, your assets may be distributed in a way that does not align with your wishes. Who Executes a Will? You can name an executor in your will (commonly a trusted St. Catharines law firm )