Call us: (08) 6267 2200
reception@optimapartners.com.au
  • PAY MY INVOICE
Optima PartnersOptima PartnersOptima PartnersOptima Partners
  • Home
  • About Us
    • Meet The Team
    • Testimonials
  • Our Services
    • Business Advisory
    • Taxation Services
    • Self Managed Superannuation
    • Bookkeeping Services
    • Corporate Secretarial Services
  • Latest News
  • Contact Us

WILL, EPA, POA, EPG, AHD – WHAT ARE THEY AND DO I REALLY NEED THEM?

    Home Blog WILL, EPA, POA, EPG, AHD – WHAT ARE THEY AND DO I REALLY NEED THEM?
    NextPrevious

    WILL, EPA, POA, EPG, AHD – WHAT ARE THEY AND DO I REALLY NEED THEM?

    By admin | Blog, Estate Planning | 0 comment | 8 May, 2015 |

    WILL, EPA, POA, EPG, AHD – WHAT ARE THEY AND DO I REALLY NEED THEM?

    What are they and do I really need them?

    A Will we all know about, although the experts tell us that probably 60% of the population don’t have one!  An Enduring Power of Attorney (EPA), most of us would think we know what it is?  But, what is the difference between an EPA and a POA (Power of Attorney)?  EPG (Enduring Power of Guardianship) and AHD (Advance Health Directive) – what do they do?Wills, EPA, POA, EPG, AHD, what are they??

    My niece (22) tells me she is too young to have a Will, let alone any of the others and “anyway I don’t have any kids yet!”.  She has a car, savings in the bank (albeit small), a little jewellery and she is currently building a house.  If (God forbid) anything should happen to her, who does she want to have her car, money and jewellery I asked and, probably the most important question, what happens to the house?  What if she is seriously injured, what measures does she want us (her family) to take.  She knows the answer to these questions, just didn’t consider how it would actually happen and did we really know what she wanted!

    I have all of these documents and “no kids”!  If I didn’t, it would be left to the Public Trustees (government) or my family to decide the outcomes – and trust me, I don’t want some of them (government or family for that matter) making these types of decisions! Whether it is for my estate or my health!

    I am not a solicitor and won’t try to educate you on each document.  However, over the years, due to either the lack of these documents or poorly worded ones, I have seen families suffer and rifts develop (not to mention costs and in the case of a Will reducing the value of the estate) from their inability to agree on the best course of action or sometimes about anything at all.

    I know it’s not a nice subject, but please think seriously about these documents and the repercussions on your family should something happen to you.

    Feel free to contact Optima Partners, we have access to a network of advisors who can enlighten and help you with drafting any or all of these documents.

    Coral Graham

     

     

     

     

    Coral Graham

    Business Manager – Optima Partners

    No tags.

    Leave a Comment

    Cancel reply

    Your email address will not be published. Required fields are marked *

    NextPrevious

    Optima Partners is an energetic and innovative accounting, taxation and business advisory firm with offices in Osborne Park, Guildford and Fremantle.

    To discover how we help businesses across Perth please drop us a line today.

    Tel: (08) 6267 2200

    Email: reception@optimapartners.com.au

    Osborne Park Office

    Suite 3, 128 Main Street,
    Osborne Park,
    WA 6017

    Office Hours:
    Weekdays 8:00am – 5:00pm

    Postal Address

    Locked Bag 5000,
    Osborne Park,
    WA 6917

    Guildford Office

    143 James Street,
    Guildford,
    WA 6055

    Office Hours:
    Weekdays 8:30am – 5:00pm

    Fremantle Office

    Level 1, 72 Marine Terrace,
    Fremantle,
    WA 6160

    Please call for appointment

    Copyright 2021 The Small Business Lounge | All Rights Reserved
    • Home
    • About Us
      • Meet The Team
      • Testimonials
    • Our Services
      • Business Advisory
      • Taxation Services
      • Self Managed Superannuation
      • Bookkeeping Services
      • Corporate Secretarial Services
    • Latest News
    • Contact Us
    Optima Partners