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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.
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What’s the difference between a will and a power of attorney? By: Russ Weninger Calgary Legal Wills Lawyer
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?
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 estate will be managed and distributed after his death.
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 choose the heirs, who, although blood relatives, might be people the testator dislikes or with whom he is unacquainted.
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.
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.
Contact Details Russ Weninger(403) 265-4496Suite 300, 404 - 6th Avenue SW Calgary, AlbertaT2P 0R9 E-mail: russ@russweninger.com 403-265-4496
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