Further, this framework does not provide for friends or your pets. Therefore, if you wish to provide for your friends or pets after you pass it is important to have a Will in place.
For a more in-depth explanation of what happens to your estate if you pass away without a Will, click here.
I am still married but we have not legally separated. What happens with my assets when I pass?
Under the Administration and Probate Act 1958 (Vic) a partner is defined as a ‘person’s spouse or domestic partner’. A spouse is defined under the Act as ‘a person who was married to the person at the time of the person’s death’ - the fact that you are separated does not mean that you are legally separated.
If you do not have a Will then your spouse is considered your partner, and your estate will be divided in accordance with the framework mentioned previously.
If this is not what you want then it is important to prepare your Will and arrange for a legal separation - Robinson Gill lawyers can help you with this.
The importance of preparing a Will ASAP
A Will is an important document that deals with one’s assets after they pass away. It is important that your Will is drafted in a way that properly reflects your wishes and this often means consulting with a solicitor who can assist you with ensuring that your Will is legally binding, protects your assets and provides for a distribution to your loved ones in accordance with your wishes. Making a Will sooner rather than later is therefore advisable, as delaying the creation of your Will may cause unnecessary stress and expense for you and your loved ones if an unexpected event occurs, such as loss of capacity through accident or illness (at which time you will not be able to make a Will) or your death.
What are Powers of Attorney?
In Victoria, there are two types of Power of Attorney, an Enduring Power of Attorney and an Appointment of Medical Treatment Decision Maker document.
An Enduring power of Attorney allows you to appoint an attorney to make legal, financial and lifestyle decisions on your behalf if you lose capacity through accident or illness. For example, an attorney is able to buy and sell property, operate bank accounts, and make decisions about what type of nursing care you are able to receive.
An Appointment of Medical Treatment Decision Maker document allows you to appoint a medical treatment decision maker to make medical decisions on your behalf including consenting or refusing to consent to procedures, consenting or refusing to consent to the use of pharmaceutical products and deciding what kind of palliative care you will receive if you are not able to make these decisions for yourself.
What happens if you do not have Powers of Attorney?
If you do not have an Enduring power of Attorney and Appointment of Medical Treatment Decision Maker document and you require one for any reason, but you do not have the capacity to prepare these documents (i.e. you are in an accident that leads you to being in a coma) then someone will have to apply to the Victorian Civil and Administrative Tribunal (VCAT) on your behalf.
VCAT can then appoint a Guardian or Administrator to make decisions on your behalf. An application to VCAT can be a stressful and time-consuming process. Further, an appointment of a Guardian or Administrator may only be temporary, meaning that your family member or friend may have to return to VCAT to maintain the appointment.
If you are in this situation and require assistance with a VCAT application, please contact us.
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