Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

When Making a Will Is Not Enough

Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

When Making a Will Is Not Enough

Article excerpt

JACK and Jill are in their late 60s and have been married for more than 30 years.

They are conscious of the importance of making wills and they consult a solicitor who informs them that their wills only come into effect upon their death and their wills appoint an executor to administer their estates.

The solicitor asks them to consider executing a power of attorney which allows them to appoint an attorney to manage their financial affairs, including facilitating the sale of their property, should they lack the capacity to do so themselves. Jack and Jill do not wish to incur the additional expense of a power of attorney and decide that they will worry about this later.

Unfortunately, Jack suffers a stroke a couple of years later whereby he loses the capacity to enter into a contract.

He is unable to maintain the matrimonial home and Jill decides the property needs to be sold so they can relocate to more suitable accommodation.

She also needs additional funds from the sale of the property to meet the costs involved with Jack's condition. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.