EPAs and EPGs and AHDs, oh my!
While the Will might be the super hero of the estate planning process, there a three trusty sidekick documents you should consider as part of your estate plan:
- EPA stands for Enduring Power of Attorney. The EPA allows you to appoint one or two people to manage your financial and legal matters in the event you are unable to act for yourself, either mentally or physically.
- EPG stands for Enduring Power of Guardianship. Your EPG gives your spouse, children or trusted friend the ability to make care and lifestyle decisions about medical treatments and decisions about what type of aged care you might receive.
- AHD stands for Advance Health Directive (these sometimes get called ‘Living Wills’). The AHD is your opportunity to formalize your end of life treatment decisions in a legally binding format. You can either consent to or refuse various medical and procedural options.
While everyone over the age of 18 should have a Will, whether or not you need an EPA, EPG or AHD will depend on your assets and personal circumstances. For a free chat about the best options for you, give us a call on 08 9841 1189.