Victoria lawyer Greer Jacks discusses the implications of law for your pets when you die and your options when planning your will and estates

Read the full article: What happens to my pet when I die?

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Where a power of attorney is useful

• Financial institutions will not deal with anyone but the account holder or a properly authorized attorney (and even with a Power of Attorney it is sometimes difficult).
• Land title documents (property purchases, sales, and mortgage renewals) must be signed by the registered owners or a person properly authorized to sign on their behalf.
• CRA requires proper authorization from a taxpayer in order to provide information or to allow someone else to act on a taxpayer’s behalf in dealing with the CRA.

Making or changing a will by an attorney using a Power of Attorney is specifically prohibited.

Learn more about Powers of Attorney

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There are two major things that must be sorted by relatives if someone dies without a will. The first is who gets the job of being the executor (the term administrator is used in cases where there is no will). The second is how to distribute the assets left after the debts are paid.

In terms of appointing an administrator, it can get tricky if more than one person wishes to do this – or if no one wishes to. Essentially, the court will have to approve the person who has chosen to act. If everyone gets along and can agree as to who should be entrusted, it’s a lot easier. If family members such as spouses and children disagree things can get expensive and it will erode any assets that have been left behind.

Read the full article: What happens when someone dies without a will?

The post What happens when someone dies without a will? appeared first on Victoria Lawyers.