Important Parties in a Will :

The Executor :  This is the person who is RESPONSIBLE to execute your wishes, look after your taxes and execute your will as per your wishes. 

The Beneficiary : The Beneficiary is the RECEIVER of your ASSETS. You may have many receivers in your will. It is advisable that even if you have a small asset update it annually or whenever your situation CHANGES. Otherwise it can cause family disputes. A Will can reduce the chances of any disputes significantly.

Power of Attorney :  Power of Attorney is the right which you give to someone to act on your behalf. There are two types of power of attorney. 

Power of Attorney for Personal Care :  This is the right which you give to someone to make decisions regarding your health on your behalf when you are unable to do it.

Power of Attorney for Financial Matters :  You are giving the right to someone when you are unable to make financial decisions.

Important Parties in a Will :

The Executor :  This is the person who is responsible to execute your wishes, look after your taxes and execute your will as per your wishes. 

The Beneficiary : The Beneficiary is the receiver of your assets. You may have many receivers in your will. It is advisable that even if you have a small asset update it annually or whenever your situation changes. Otherwise it can cause family disputes. A Will can reduce the chances of any disputes significantly.

Power of Attorney :  Power of Attorney is the right which you give to someone to act on your behalf. There are two types of power of attorney. 

Power of Attorney for Personal Care :  This is the right which you give to someone to make decisions regarding your health on your behalf when you are unable to do it.

Power of Attorney for Financial Matters :  You are giving the right to someone when you are unable to make financial decisions.