Learn more about wills, POA and Guardianships here:Wills
Most people know what a will is and why it is useful. Having your will prepared by a solicitor will provide you with a will that is less able to be contented as it will take into consideration the relevant legislation and case law.
An additional benefit is that the will is able to be stored in a safe and reliable location. When you are gone, people will be able to find the latest version of your will with no confusion.
Power of Attorney
An "Enduring Power of Attorney" is one that specifically provides that it will continue to be effective even if the giver becomes incapacitated. A Power of Attorney can be revoked at any time and ceases to be valid on your death.
Your Attorney is the person you nominate to conduct your business and financial affairs on your behalf if you are unable to do so because of incapacity or if you travel away from home. You should only appoint someone you trust. Your Attorney's powers can be unlimited or restricted depending on your requirements.
Enduring Guardians
An "Enduring Power of Guardianship" only comes into effect upon your loss of capacity and will continue to be effective during the period of your incapacitation.
Your Guardian is the person you nominate to make decisions about your medical and dental treatment, where you should live and what other services you should receive if you become unable through incapacity to make those decisions for yourself. Your Guardian has no power to deal with your assets.
