A Living Will is a legal document which is also known under the following terminology: a Power of Attorney for Personal Care, a Health Care Power of Attorney, or an Advance Directive. When you use our DIY order forms, you can specify the type of medical treatment you wish to receive in certain situations, and you can even appoint someone to make health-related decisions for you on your behalf.
Think you’re ready to prepare a Will? Preparing a Will online saves you time and money, and spares your loved ones the headaches of dealing with skyrocketing administrative fees and estate taxes after you pass away. Without a Last Will and Testament in place, your heirs may also go through a lengthy court process, which may change to whom and where your property, estate, assets, etc. are going to go. Think about how the process will go by first starting out with your Will.
Being clear about your intentions once you have passed is essential to creating a Will, so preparing yourself adequately for the process of creating one is vital.
We’ve outlined below the information you need to have handy and the questions you need to ask yourself now that you’ve decided to create your Will online.
A Last Will and Testament is a legal document designating to whom and to where your assets and estate will pass to upon your death. People sometimes believe that a Will and is only for those who are nearing death, but that is not always the case. Major life changes and revaluating your circumstances are among the best times to think about either starting a Will or updating your LW. Many clients have often started or finished their Wills right before a trip.
People sometimes put it off because the thought of going to a lawyer and spending a lot of money may be intimidating. There are alternative options you may want to look at.
You can use our online order form to create your own Will, and you can update it should the need arise.
...And How to Prepare a Power of Attorney Online
Learn about the importance of a Power of Attorney. Having a Power of Attorney document is essential for a situation in which you may be incapacitated (i.e. after a common car accident). Someone else may be required at that point to handle your financial and business affairs. A Power of Attorney allows someone you trust the authority to make financial decisions on your behalf if and when you are unable to do so.
A Power of Attorney is different from a Last Will: a Power of Attorney comes into effect while you are alive. The person making the document is known as the “Donor,” while the person appointed to make decisions on your behalf is known as your “Attorney.”
Before You Start The Process of Establishing Your Power of Attorney
The importance of a Power of Attorney can’t be underestimated. You should have some of your personal information at the ready, including your legal name and current address. You should also know at this point whom you would like to appoint as your “Attorney” and who you would want as a backup choice.
Who You Want to Appoint as Your Power of Attorney
The person appointed by you must be prepared to act in your best interest and keep records of all of the duties they have performed on your behalf. Keep in mind that your Attorney can resign by written notification.
When you have decided who you would like to act on your behalf, you will need to identify that person in your Power of Attorney.Their name and relationship to you will be noted.
FormalWill.ca’s proprietary technology produces a Power of Attorney that gives broad powers to cover a range of financial and business matters, manage real estate, maintain insurance and act upon many other financial matters on your behalf.
FormalWill.ca is a leader in online estate planning. Our system has been developed in close consultation with Canadian lawyers to ensure the utmost accuracy. We have established a user-friendly online service which creates your legal documents instantly and is designed to save you money and time.
Are you ready to start your power of attorney document right now? Click here to learn more.
