Wills and estates are legal documents drawn up by a testator after their death. It is used to record the deceased’s wishes regarding who will manage their assets on their behalf when the testator no longer physically possesses the property. Wills and Estates have different requirements, but they essentially serve the same purpose – to ensure that a testator’s wishes are carried out when they pass away. Wills and Estates Adelaide differ from other legal documents in that they establish a special relationship between the deceased and their estate. Wills and Estates Adelaide also differ in that the document does not necessarily need to be signed by two witnesses; it can simply be a document that states: ‘Wills as trustee’ or ‘As beneficiary.’

Common examples of wills are the power of attorney and Trust. A power of attorney grants a person the right to make financial decisions for another person and act in their name. A power of attorney also allows one person to act as the agent for another. Trust is a legal entity created by a legal document. In a trust, one person serves as the beneficiary. An example of a will could be a revocable living trust, which names the testator as to the owner of real property during the testator’s lifetime and names an agent who will administer the Trust upon the testator’s death.

There are two basic types of wills. The traditional Will is a written document that names the testator as the author of the document and gives them the power to do whatever they designate. A testamentary trust, however, is more common. Instead of a will, a document exists only as proof and is used to prove that the testator made a will and that a notary public signed it.

In general, when a testator has minor children, they may choose to establish guardianship. They name a person as the legal guardian of their minor children and that this person will have the power and authority to make decisions for the child. Another option is called a conservatorship. In this specific case, the guardian would take care of the minor children until they can live on their own until a future age.

There are two witnesses to a will. One witness is called the testator, and the other is called the witness, either a relative, a friend or someone else. They certify that the testator is making the Will. Then there is the attorney. He is the one who prepares the formal legal document. There is a witness who signs the actual document, and there is also the recorder who sees the actual thing.

The purpose of the witnesses is to give the testator the comfort and the peace of mind that his minor children will be taken care of. A reasonable attorney should help you prepare the Will and make sure that it is done correctly. The attorney should be able to help you determine which type of Will you need to get. You can use a simple Will that names the two witnesses and the testator, or you can use a qualified, specialised Will. Some people choose to use a qualified, specialised Will because it protects their minor children if something happens to the testator.