Why Create a Will and POA?
Updated Wills and Power of Attorneys are prepared for the desired handling of personal and business estate/affairs.
A Primary Will handles the personal estate and the distribution of personal assets to identified beneficiaries including what age they may receive any bequests. The Primary Will appoints who (executors or trustees) shall look after the distribution of the personal estate as per the Primary Wills terms and conditions. The Primary Will also appoints who takes legal guardianship of minor children.
A Secondary Will handles the business / share ownership estate appointing who (executors or trustees) will look after the distribution of the Secondary or business estate and who (beneficiaries) should receive what.
The main reason for a Primary and Secondary Will is that if there is some sort of challenge in either estate, it would not hold up the execution and disposition of the other estate.
There are two types of Power of Attorneys, common referred to as “living Wills”. One Power of Attorney is for personal care (also known as a Health Care Directive), giving your health care decisions to your designated Attorney should you be incapacitated and identifies how you feel about certain key health care decisions should you be unable to care for yourself.
Why Create a Will and POA with Serre Financial?
Far from using the standard software of our competitors, Serre Financial customizes the process to dovetail with your overall financial plan and with the flexibility to adjust to your changing circumstances along the way. We conduct and in-depth final review to ensure all is in order.