Wills and related documents, such as powers of attorney and personal directive documents play a vital role in communicating your personal wishes, as well as to the future of your family. These documents allow you to direct who will manage your estate, who inherits your assets when you die, and who makes important decisions that affect your businesses, your health and end-of-life issues. We know that making and formalizing these decisions and putting them into place can be complicated and confusing, so we take pride in our knowledge and ability to simplify things for you. We can provide assistance with a number of will and estate matters, including:
Preparing Your Will
William L. Haynes Professional Corp. has experience in will preparation and estate distribution in Medicine Hat. Mr. Haynes reminds everyone that a will is a vital legal document that accurately provides instructions on how your estate is to be distributed after your death. It also allows you to appoint an executor, a personal representative or a trustee who is authorized to take on key financial and care-taking roles, such as ensuring that your debts are paid and that your estate is distributed according to your final wishes. A will can also designate one or more individuals to act as a guardian for minor children and specify how your dependents can be financially cared for in the event of your death, so it holds further importance with regards to your family.
If you have any questions, need advice, or wish to initiate a will, please contact our office for an appointment.
Updating a Current Will
Under certain circumstances, you may deem it necessary to make changes to your will. These changes may include, but are not limited to situations such as death of beneficiaries, marriage or divorce, adoption, sale of a business, disposition of property, and other scenarios. Some conditions make it absolutely necessary to make a change to an existing will, such as needing to change a beneficiary or designate a different executor.
If you have decided to make a change to your last will and testament, you may require a codicil lawyer. The word “codicil” comes from the Latin word for codex. In legal terms a codicil is required in order to make any changes to your will unless an entirely new last will and testament is being drafted.
Answering Questions about Wills
If you have been named a beneficiary of a will, an executor for a loved one, or you are considering the impact a will could have on yourself or how it can help your family or friends, you will probably have questions. Don’t hesitate to contact our office to ask for our help.
Setting Up a Power of Attorney
Power of Attorney documents are essentially put in place when you want to designate another person to make important decisions for you when certain conditions are in place. William L. Haynes Professional Corp. can set up one or more of three types of powers of attorney to meet your needs, including:
Enduring Power of Attorney
This most common type of power of attorney allows you to name someone to act on your behalf, but only if and when you no longer have the mental or legal capacity to make your own decisions. A number of conditions are put in place to determine when you are considered incapacitated and thus unable to make decisions for yourself. Specific and general powers of attorney can be effective when they are signed and can also continue past incapacity; however, this must be specifically stated in the power of attorney.
General Power of Attorney
A General Power of Attorney allows a designated person to act on your behalf for most matters. The scope of the document may be limited by time, but a general power of attorney encompasses all aspects of your life with respect to dealing with your assets. Please contact us to learn more about a general power of attorney.
Specific Power of Attorney
A Specific Power of Attorney allows a designated person to act on your behalf for a specific circumstance, such as buying or selling a home or operating a business. Your chosen representative may use the general power of attorney as soon as the document is properly executed.
Contact William Haynes to learn more about powers of attorney and which type is most appropriate for your situation.
Setting Up Personal Directives
A personal directive is a legal document that allows you to designate a person (called an agent) to make non-financial personal decisions on your behalf in the event you lose mental capacity. It will specify the areas in which your agent will have decision making authority, including who looks after your children, where you live, your health care decisions, and which activities you participate in. William L. Haynes Professional Corp. can help you with these issues and we look forward to your inquiries.
Issues relating to wills and estates are complex and they can be stressful to wade through, so count on William Haynes to explain things in plain language, provide proper legal advice, and prepare any needed documents. No matter what type of estate issues you need handled, William L. Haynes Professional Corp. can help. Please contact our office to book a no-obligation consultation.