Estate planning is the legal means by which you can take control and determine specifically what will happen to your estate if you become incapacitated or after you pass away. Estate planning is a way of easing the burden for your loved ones, and ensures that your wishes for your estate are fulfilled. Estate planning is, essentially an invaluable gift that you give yourself and the people who you love.
You Should Consider Estate Planning If You Have:
- Children under age 18 or special needs children of any age
- Have fixed or financial assets
- Concerns about what will happen if you become incapacitated
- Preferences for you later-life care
- A blended family
- Preferences about the distribution of your possessions after you pass away
- A wish to maintain privacy over your financial affairs
Power Of Attorney
First Aid Wealth Management offers comprehensive support to simplify the responsibilities associated with administering assets. We work along with our lawyers to make this possible. So the next time you are travelling overseas and need professional management over your assets, do not hesitate to call us.
So what is Power of Attorney?
This is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter. The person authorizing the other to act is the principal, grantor, or donor (of the power). The one authorized to act is the agent or attorney or, in some common law jurisdictions, the attorney-in-fact.
A trust involves the administration of assets on behalf of another: an institution or one or more individuals, living or dead.
A living trust appoints a trustee to manage assets during the lifetime of the original settlor; this private arrangement allows for distribution of wealth even if the client becomes incapacitated or unable to act personally. Upon death, the trust controls how and when assets are used and distributed; this can be a substitute for appointment of a legal guardian or conservator to handle assets inherited by young children or others unable to act on their own behalf.
What We Can Do for You!
- Administer and manage the trust’s assets objectively, in accordance with your trust document(s).
- Eliminate the administrative burden for you or whoever is given the trustee responsibility.
- Ensure a stable, continuous trust relationship for your beneficiaries.
- Give you the superior service you expect from an organization known for exceptional value and a client-first focus.
Will Writing Services
Writing a Will is one of the most important things you can do for your loved ones. At First Aid Wealth Management, we believe it is important to consult a professional to ensure your Will accurately records your wishes.
In order to prevent fighting over the property one owns when one passes away, we advise our clients to ensure the orderly appointment of a new rightful owner by writing a will.
How can we help you?
- Write a Will – that is recognised by law.
- Update a Will – check your Will regularly, and if your personal circumstances have changed, you should write a new Will to reflect your changed situation.
- Change a Will – with small amendments.
If a will is not written, the state will decide without your approval.
Ask about our professional executor services.