Difference Will and Power of Attorney - PowerPoint PPT Presentation

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Difference Will and Power of Attorney

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Will and Power of Attorney has diffcence under the canadian legal system, Calgary Legal Wills can be a great partner in this estate planning Canada. – PowerPoint PPT presentation

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Title: Difference Will and Power of Attorney


1
Whats the difference between a will and a power
of attorney?
By Russ Weninger Calgary Legal Wills Lawyer
2
Introduction
  • A will and a power of attorney are both legal
    documents that grant another party or person
    ownership or control over any of your property or
    decisions. But how are these two different?

3
What is a will?
  • As defined in The Free Dictionary by Farlex, a
    will is the legal instrument that permits a person
    , the testator, to make decisions on how his estat
    e will be managed and distributed after
    his death. 

4
What is a will?
  • A will serves a variety of important
    purposes. It enables a person to 
  • select his heirs rather than allowing
    the state laws of descent and distribution to choo
    se the heirs, 
  • who, although blood relatives, might be people the
     testator dislikes or with whom he is unacquainted

5
What is a power of attorney?
  • According to Legal Zoom, a power of attorney is a
    document you can use to appoint someone to make
    decisions on your behalf.

6
What is a power of attorney?
  • The person you designate is called an
    "attorney-in-fact." The appointment can be
    effective immediately or can become effective
    only if you are unable to make decisions on your
    own.  

7
Contact Details
  • Russ Weninger(403) 265-4496Suite 300, 404 - 6th
    Avenue SW Calgary, AlbertaT2P 0R9
  • E-mail russ_at_russweninger.com
  • 403-265-4496

8
http//CalgaryLegalWills.com
  • For further inquiries, visit
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