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Retiring and getting older

Some common questions about Elder Law:

It is a legal document in which you appoint the person or trustee organisation of your choice to manage your property and financial affairs while you are still alive. This may be because you can no longer manage them yourself or because you choose not to for any reason. You don’t lose control of your affairs – you can still manage them if you wish to, and you can revoke the Power of Attorney at any time.

This is where you appoint someone to manage your personal affairs when you can no longer make these decisions for yourself. These decisions might include where you live, what healthcare you receive, and consent to medical or dental treatment.

Making a Will is the only way you can be sure that what you own will be distributed in accordance with your wishes after you die. In the absence of a Will, the Court will appoint an administrator to deal with your estate, which will be distributed according to intestacy rules. These prioritise the beneficiaries according to different classes. For example, if there is no surviving spouse or children, they prescribe who the estate will then pass to such as siblings, half-siblings, other relatives etc.

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