The most Unpleasant To-Do List
Who likes to think about the consequences of a serious illness or accident at the age of 30, 40 or 50? Who makes timely arrangements for emergencies?
Almost no one. Nevertheless, take now three minutes for three questions:
1st Scenario
Let’s assume you have an accident …
… and are in a coma for six months.
Do you have a power of attorney that regulates who can make decisions for you during this time? In the company, in private, in highly personal matters?
If not, your bank account, for example, may be blocked for weeks. Even for other family members who would actually be authorized to sign.
2nd Scenario
Let’s assume you have an accident …
… and are permanently in a coma.
Do you have a living will to regulate the treatment methods permitted for you?
If not, you are burdening your loved ones with the decision, for example, whether to keep your body “alive.”
3rd Scenario
Let’s assume you have an accident …
… and do not survive it.
Do you have a testament that regulates your estate in a well-thought-out manner?
If not, your death may cause years of disputes in the family.
NOW
Power of attorney, living will, testament.
You can no longer regulate these three unpleasant topics after the occurrence of the provision case. Too late is too late.
Sebastian RiedlmairHarlander & Partner Attorneys „Wir errichten Testamente, Patientenverfügungen und Vorsorgevollmachten zum Pauschalreis.
Es gibt nur einen richtigen Zeitpunkt: JETZT.“
This is What to Do:
Power of Attorney
With a power of attorney, a person can determine, even before losing their legal capacity, their capacity for insight and judgment, or their ability to express themselves, who can decide for them as an authorized representative in these cases and represent them.
Living Will
With a living will, certain medical treatments can be rejected in advance. The living will is registered in the living will register. There is also the option of scanning the decree so that querying hospitals can directly view the content of a living will. In this way, a potentially decisive loss of time can be avoided in an emergency.
Testament
Testaments serve to regulate the last will. After the testament has been drawn up, we register it in the testament register of the Austrian lawyers. This ensures that the court commissioner learns of the testament in the event of death and that it is executed.
If the last will is not regulated, the legal succession comes into force. This often has massive disadvantages.
Transfer Agreement
With a transfer agreement, assets can be transferred during lifetime. Transfer agreements are generally concluded to enable children to have an easier start into adult life or to ensure corporate succession upon retirement.
Inheritance Agreement
An inheritance agreement offers married or registered couples the opportunity to pass on the property to the partner after death. It contains a promise by the parties to bequeath part of their assets to each other after their death.
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