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Difference between revisions of "Older People and the Law"
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→Making a will
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A '''will''' is a legal document that sets out what will happen after you die to (most of) your <span class="noglossary">property</span> and any minor children. (A will doesn't cover <span class="noglossary">property</span> you own jointly with other people or accounts where you've named a '''beneficiary'''.) | A '''will''' is a legal document that sets out what will happen after you die to (most of) your <span class="noglossary">property</span> and any minor children. (A will doesn't cover <span class="noglossary">property</span> you own jointly with other people or accounts where you've named a '''beneficiary'''.) | ||
A will is not the same as a '''power of attorney'''. A power of attorney sets out your instructions for dealing with your financial and legal affairs ''while you are alive''. (See the next section about powers of attorney.) | A will is not the same as a '''power of attorney'''. A power of attorney sets out your <span class="noglossary">instructions</span> for dealing with your financial and legal affairs ''while you are alive''. (See the next section about powers of attorney.) | ||
In your will, you need to name someone to be your '''executor'''. This is the person who carries out the instructions in your will. The executor of your will is not automatically the same person as your power of attorney unless you appoint the same person as your executor and as your attorney. | In your will, you need to name someone to be your '''executor'''. This is the person who carries out the instructions in your will. The executor of your will is not automatically the same person as your power of attorney unless you appoint the same person as your executor and as your attorney. | ||
